Hempel's new CEO to continue acquisition streak – major growth to come in 2022

Coating producer Hempel, which has a large maritime business, is looking for new strategic acquisitions to double its revenue approaching 2025. Moreover, the company expects to finalize withdrawal from Russia by year’s end, new CEO Michael Hansen tells ShippingWatch.

Photo: Hempel / PR

Even though Hempel has just appointed a new chief executive, the company’s growth strategy is intact, and the expanding coating producer plans to continue its acquisition hunt to double revenue and boost earnings ahead of 2025, newly appointed CEO Michael Hansen tells sister media ShippingWatch in an interview.

Hansen is set to formally take the helm on Oct. 15, when Lars Petersson takes up the position of new CEO at Velux Group.

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