Hempel Acquires Store Network in Southeast France
Hempel A/S has acquired Cap Couleurs Group’s store network in southeast France. According to the company, the acquisition, which complements its existing network of 10 Renaulac stores in France, will help Hempel maintain its segment leadership in the Var region and support its growth initiatives, the primary of which is its Double Impact strategy.
Cap Couleurs has stores in Brignoles, Fréjus, Grimaud, La Garde and La Seyne sur Mer. Former owner Francois Herisson will retire, but the management team will stay on at Cap Couleurs under Hempel’s ownership.
“It is a great milestone in our expansion plan of our store network,” said Joe Devitt, executive vice president of the decorative segment at Hempel. “I am pleased to welcome our 32 new colleagues to the Hempel family.”
Pascal Le Tenoux, head of store operations at Cap Couleurs Group, said, “We are very excited to join the Hempel family as this will ensure a prosperous future for all Cap Couleurs employees, and we are proud to be the pioneers of Hempel’s growth strategy for its decorative segment in France.”
Hempel’s Double Impact strategy, the company’s primary growth initiative, aims to double Hempel by 2025. The company seeks to achieve this through acquisitions, organic growth, and investments in sustainability, innovation and digitalization.