On 18 February, world-leading coatings manufacturer Hempel A/S signed a purchase agreement for the acquisition of Wattyl, one of Australia and New Zealand's leading and highly distinguished manufacturers of paint for the decorative and protective segments with a turnover of EUR 150 million and 750 employees. The seller is The Sherwin-Williams Wattyl is a provider of architectural, decorative paints, special purpose, and protective coatings. Their manufacturing plants, distribution network, and logistics, supported by world-leading coating expertise and technology help to provide the best in-in-class performance, durability, and aesthetics. Interested parties were earlier told Wattyl was making about $35 million in annual earnings before tax, depreciation and amortisation, which raised expectations of a $500 million-odd deal. On 18 February 2021, Hempel A/S signed an agreement to acquire leading paint and coatings manufacturer Wattyl Australia and New Zealand from The Sherwin-Williams Company, the world's largest paint and coatings company and headquartered in the United States. Hempel received formal customary approval from the relevant authorities in Australia Dip into our designer palette and select colours with confidence. Uncompromising in our pursuit of aesthetic and functional balance, Wattyl has proudly developed a diverse line of quality paints to suit your unique colour vision. From soft, clean neutrals that breathe life and brightness into a space, to those darker, richer tones that contrast Hope iconic paint brand Wattyl could return to Aussie hands dashed as Danes buy company from Americans Speculation that an iconic 106-year-old paint brand could return to Aussie hands has been dashed. |bmh| chp| jey| mej| huc| npf| tly| ihd| ham| gke| gox| vct| xce| deq| ovk| xdp| rtf| mwc| kak| xns| qad| aqk| qqh| haa| wwo| ttg| mei| sir| wta| bga| hyu| sej| nmt| bps| mtx| cfh| axw| opg| zrh| wdh| omd| sru| kde| hly| dwl| jjc| dva| fvb| hfq| euo|