Crown Paints group bids for controlling stake in German business
Hempel Group, parent company of Darwen-based Crown Paints, has signed an agreement to acquire a 65% stake in leading German paint manufacturer JW Ostendorf (JWO) in a move to significantly bolster its global decorative business.
The bid, for an undisclosed sum, depends on the relevant competition clearances by the German and UK competition authorities, which are expected within four weeks.
Operating throughout 20 European, and five non-European countries, family-owned JWO is one of Germany’s leading decorative paint manufactur... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
