The Portuguese-based CIN has acquired Hempel Industrial B.V., based in the Netherlands, to strengthen its position in the European market and broaden its product portfolio internationally.
According to Hempel, this divestment marks the next step in streamlining Hempel’s Energy and Infrastructure business by strengthening focus on its strongholds in the segment. All transactional details will remain confidential, according to the terms of the purchase agreement.
This acquisition, with a turnover of around 15 million euros and the acquisition includes a new industrial unit, will increase CIN’s production capacity, including 11 factories operating across seven countries: Portugal, Spain, France, Italy, the Netherlands, Angola, and Mozambique.