Hempel completes the sale of its Russian assets

Key messages

• Hempel has completed the sale of its wholly owned subsidiary in Russia, selling to Russian industrial company, Atomstroykomplex.
• Necessary approvals from the relevant Danish and Russian authorities have been obtained.
• Hempel closed its operations on 1 March 2022 and announced its intentions to exit Russia on 6 April 2022.
• The new owner has taken over the assets and employees with immediate effect. No active business is included in the sale. 
  
   
  
  
   

As a world-leading supplier of trusted coating solutions, Hempel is a global company with strong values, working with customers in the decorative, marine, infrastructure and energy industries. Hempel factories, R&D centres and stock points are established in every region.

Across the globe, Hempel’s paints and coatings can be found in almost every country of the world. They protect and beautify buildings, infrastructure and other assets, and play an essential role in our customers’ businesses. They help minimise maintenance costs, improve aesthetics and increase energy efficiency.

At Hempel, our purpose is to shape a brighter future with sustainable coating solutions. We firmly believe that we will succeed as a business only if we place sustainability at our heart. Not only is it the right thing to do, it will strengthen our competitive position, make ourselves more resilient and reduce our risk.

Hempel was founded in Copenhagen, Denmark in 1915. It is majority owned by the Hempel Foundation, which ensures a solid economic base for the Hempel Group and supports cultural, social, humanitarian and scientific purposes around the world.