Hempel A/S announces its intent to divest J.W. Ostendorf and Renaulac as next step on strategic journey
The prospective new owner, Fidelium Partners, would take over the production site in Germany and stores in France, together with around 500 employees and a portfolio of customers.Key messages · Hempel A/S announces its intention to divest J.W. Ostendorf and Renaulac. · The sale would include a production site in Germany, stores in France, around 500 employees and a portfolio of customers. · This sale would see Hempel take the next step on its strategic journey and focus its portfolio on the branded decorative business. · The sale is expected to be completed in Q3 2024,