Deal News JWO / Hempel
Loy & Co comprehensively advised the shareholders of J.W. Ostendorf GmbH & Co. KG on the sale of 65% of the shares to Hempel Group A/S.
J.W. Ostendorf, a medium-sized paint manufacturer, has sold 65% of its shares in the company to Hempel Group A/S, a Danish global market-leading manufacturer of coating solutions, with the signing of the agreement in October 2018. With the investment, the Danish company strengthens its Decorative Paints business unit and can also achieve important synergies.
J.W. Ostendorf GmbH & Co. KG
J.W. Ostendorf is a medium-sized, family-run paint manufacturer headquartered in Coesfeld, Germany. Founded in 1948, the company stands for diversity. Customers benefit from a wide range of colors and a portfolio that includes numerous brands, which the company produces, develops further and markets through various trade channels. The company is characterized by a keen sense of trends and an understanding of consumer needs. In addition, it has excellent research and development capabilities to further develop its products in a more sustainable and resource-saving way.
Hempel Group A/S
Headquartered in Denmark, Hempel A/S was founded in Copenhagen in 1915 and, as a world leader in reliable coating solutions, is a global company with strong values, working with customers in the decoration, marine, infrastructure and energy sectors. Hempel factories, R&D centers and warehouses are located in every region. The company is owned by the Hempel Foundation
About Loy & Co Corporate Finance GmbH
Loy & Co is an independent, owner-managed consulting firm specializing in the execution of mergers and acquisitions, shareholder financing, corporate finance and financial advisory services for mid-sized companies.