Hempel Fonden

Hempel

The Hempel Group is a Danish coatings supplier for the decorative, protective, marine, container and yacht markets, operating in 80+ countries, with 27 factories, 15 R&D centres and 150+ stock points located around the world. It is headquartered in Kongens Lyngby, near Copenhagen, Denmark.

Hempel's business model is centred around the continuous release of bioaccumulative silicones, microplastics and biotoxins into the environment. Byproducts are polluting and toxic hazardous wastes (red raw materials).:51

Lobbying: Recent legislation has been driven by measures such as the EU’s regulation on chemical use (REACH) and limits on the use of volatile organic compounds. Hempel is "actively involved", and "in constant dialogue" with the EU Commission.^:27

Paints & Coatings: Environmental Impact

A rock and a hard place: biofouling is a big problem, and controlling it without creating unacceptable environmental impacts is a challenge. The usual strategy is to use paints and coatings containing biocides, silicones and microplastics, but the accumulative environmental impacts are unacceptable.

Legislation is finally driving science and technology towards solutions based solely on the physico-chemical and materials properties of coatings.

Toxic Waste

The production of paint and coatings results in waste byproducts, some of which are toxic and hazardous. Alas, Hempel fails to disclose what percentage of its byproducts fall into this category, although it does state that 25% goes to landfill, and 15% is incinerated. However, Hempel's waste reduction efforts in 2018 merely focused on "improving the quality and accuracy of data collection".^:51 So, not much actually done, then.

Hempel Fonden (Foundation)

Hempel

Website

The Hempel Foundation is a Danish, privately-owned commercial foundation, whose primary purpose is "to provide and maintain a solid economic base for the Hempel Group". The Foundation’s secondary purpose is a social and charitable one, to provide assistance for cultural, social, humanitarian, scientific and artistic purposes.

The Foundation is the sole shareholder of the Hempel Group; all of the operational companies within the Hempel Group are wholly- or partly-owned by the Foundation. The Foundation’s business-related activities include ownership of the Hempel Group companies and various properties. Net income was € 96m in 2015 (€ 72m in 2014).

The Foundation is administered by a Board of Trustees comprising 5-7 members elected by the Foundation itself, and 3-4 members elected by its employees. The Foundation’s Trust Deed states that the Board is a self-electing entity. Members of the Board of Trustees are paid a fixed annual remuneration that must not be above what is deemed to be usual in relation to the workload, nature of the job and competences involved. A higher level of remuneration is received by the Chairman (+200%) and Deputy Chairman (+50%). Except for the Chairman, members of the Investment Committee and the Donations Committee receive a fixed annual remuneration for committee work. The total remuneration paid to the Board in 2015 was EUR 452,400. Subsidiaries etc, p.43

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• JC Hempel Foundation (Danish name = ?), makes all investments in securities
• Hempel Holding A/S, investments in properties and other active investments. Amaliegade 8, 1256 Copenhagen K, Denmark. Owner of two forests in Denmark: Brænderupvænge, near Svendborg in Funen, and Keldskov, near Rødbyhavn in southern Lolland; and a major property company listed on the OMX stock exchange.^:34
• Hempel Marine Paints A/S, handles daily management and operations
• Hempel A/S, Lundtoftegårdsve 91, 2800 Kongens Lyngby, Denmark
• Saudi Arabian Packaging Industry WLL, PO Box 1966, Dammam 31441, Saudi Arabia associate
• Sapin United Arab Emirates LLC, P .O. Box 115132, United Arab Emirates associate
• Keldskov ApS, Amaliegade 8, 1256 Copenhagen K, Denmark
• Brænderupvænge ApS, Amaliegade 8, 1256 Copenhagen K, Denmark
• Hempel’s Employee Foundation, Amaliegade 8, 1256 Copenhagen K, Denmark
• Hempel’s Cultural Foundation, Amaliegade 8, 1256 Copenhagen K, Denmark
• OC
• OC

Subsids, ^:100

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Hempel A/S

Website, Hempel

The Hempel Group's two main banks are Nordea Investment Management AB Nordea Bank SA and HSBC

Timelines

Oct.2018	JW Ostendorf: Hempel acquired a 65% majority stake in the family-run decorative coatings company, with an option to acquire the remaining 35% stake. JW Ostendorf operates primarily in Germany and France. The deal doubled Hempel's decorative business in Europe, and included a cutting-edge production facility in Coesfeld, Germany, as well as Renaulac in France. Hempel plans to combine JW Ostendorf's Decorative Europe and Crown Paints to create a leader in the decorative coatings market for both branded and private labelling.
Jan.2018	Real Estate: Hempel Holding A/S acquired a site opposite the group’s headquarters to construct additional facilities.:34
4Q.2017	Acquired : Hempel completed one technology acquisition, with the expectation of developing the acquired cutting-edge technology and knowledge into competitive products in its Protective segment to the benefit of some of its largest global customers.:48
Sept.2016	JV with : Hempel extended a "long-lasting and important" joint venture agreement in the Middle East covering Saudi Arabia, Bahrain and Kuwait, amongst others. The JV was formed 50+ years ago with, and was extended for another 10 years.:28
2016	Expansion:    Hempel opened a new factory in Vietnam; invested in new capacity in Oman, Kuwait and Yantai, China.
2016	Consolidation: Factories in France, Saudi Arabia and Singapore were closed as part of ongoing consolidation.:29
Mar.2015	TCMC, a South African manufacturer that Hempel has worked with since 2011, and JonesBlair Company, a North American coatings supplier to the protective and waterproofing markets, were acquired. The acquisitions added specialist products, technologies and manufacturing expertise.:23
2015	Expansion: a new factory in Russia was completed; and the production facility in Malaysia was expanded.:29
Dec.2014	Schaepman's Lakfabrieken BV, a Dutch supplier of specialised industrial, protective and decorative coatings, was acquired.:18
Jul.2012	Blome International Inc, a US-based protective coatings manufacturer with a broad range of high technology products, was 100% acquired. The acquisition will support the fast growth of Hempel US, especially in the protective market. Blome's products will enable us to penetrate attractive US markets, starting with the Oil and Gas Industry, and will also be of great value to our protective customers around the globe. In 2014, production of Blome products was moved from the old St. Louis, Missouri factory to a state-of-the-art factory in Conroe, near Houston in Texas.
May.2012	Expansion: Site work started on a new factory in Jeddah, Saudi Arabia. The plant will produce waterborne products for Decorative and will have a total maximum capacity of 24m litres per year.
early.2012	New HQ: Construction work on the 3-story building in Kongens Lyngby, north of Copenhagen, commenced.
Jul.2011	Expansion: a new office in Rio de Janeiro, Brazil was opened to primarily concentrate on the marine and protective coating segments in the areas of offshore Oil and Gas and wind energy.
Jun.2011	Crown Paints Group Ltd, the 2nd largest decorative coatings manufacturer in the UK, was acquired from AkzoNobel NV. The acquisition saw the relocation of Decorative R&D to England. With 130 Crown Decorating Centres throughout the UK and Ireland, the acquisition significantly boosted Hempel’s presence in the UK market.
Jun.2011	Vale: Hempel signed a contract with Brazilian mining giant Vale SA, the world’s largest iron ore producer, to supply coatings for a 5-vessel conversion project. The vessels will be converted from Very Large Crude Carriers (VLCCs) to Very Large Ore Carriers (VLOCs) at the Yulian Shipyard in China.
Jun.2011	A new manufacturing unit was opened in Nashik, Maharashtra, to strengthen manufacturing capabilities and presence in India.
Apr.2011	The Hempel Group signed a € 23m contract for a turnkey project in Russia with the Ulyanovsk authorities. Scheduled to start production in 2013, the plant will help meet growing demand for Hempel coatings in the Russian market.
Mar.2011	Opened an R&D centre in France to provide high level technical support and develop customised solutions for the Protective segment.
Feb.2011	Expansion: a Hempel office was opened in Johannesburg, South Africa to provide coatings for the mining, petrochemical and metal processing industries, as well as for wind turbines, containers and infrastructure.
??.2011	Expansion: Hempel established a subsidiary in Ukraine.
2011	Shell: Hempel became an approved vendor of protective coatings to Royal Dutch Shell’s global offshore and onshore facilities, which encompasses 40+ Hempel systems that cover the vast majority of Oil and Gas applications, from FPSO hulls, LPG spheres and bullets to storage tanks.
2010	Expansion: new factories in Guangzhou, China (largest to date) and Buk, Poland were opened.
Jan.2009	Hempel (China) Ltd: the remaining shares in Hempel-Hai Hong were acquired from long-term partners China Merchants Holdings (International) Co. Ltd; the company was renamed.
Feb.2007	Hempel entered into a new 5-year partnership agreement with Saudi Aramco, the world’s largest oil producer. As Saudi Aramco ramped up oil production, its need for vast amounts of coatings for its new infrastructure projects would increase.
2008	Sole supplier to AP Møller–Mærsk AS’s container factory in Dongguan in China.
2008	Lacor: the production facility in Denmark was closed, and the Lacor trademark amortised.
2008	Expansion: A factory in Vietnam was opened.
Jan.2007	Lacor, one of Germany’s leading suppliers of protective coatings, was acquired. A new company, Hempel Protective Coatings, was created by the acquisition.
2005	Hempel-Hai Hong: the mid-1950s licence agreement had developed into a joint venture, with 3 factories. China produced ~95% of all containers, and Hempel was a leading supplier to the container industry.
2003	Expansion: Hempel opened a new factory in Malaysia.
1986	JC Hempel died.
1980s	Traditional European shipbuilding industries lost business to Korea and China, forcing Hempel to find new markets. Heavy industrial and wind energy markets partly compensated for the loss of sales.
mid-1970s	Expansion:    Hempel began production in Japan and Korea, and opened factories in Singapore and Indonesia.
1973	Expansion: Hempel expanded into new markets, with decorative paints, coatings for containers, oil rigs and bridges becoming part of its portfolio. It expanded in the Middle East, ending up with 5 production units in the region, and then moved further east to the rapidly expanding marine and steel construction industries in Asia.
mid-1950s	China became a market, first through an agent and later through a subsidiary in Hong Kong. A licence agreement with Hai Hong Chemicals, a division of the China Merchants Group, resulted in a joint venture that today has three factories, six sales offices and nine stock points.
1950s-1960s	Expansion: growth was driven by a prosperous shipping market. Hempel opened more factories and further expanded its sales and production network around the world.

Origins

1948	JC Hempel’s Legatfond (Legacy Fund) was established. JC Hempel transferred all his shares in JC Hempel’s Skibsfarve-Fabrik A/S to the newly-established Legatfond. The aim was to ensure ownership of the future by making a foundation the stable and long-term owner.
?date?	Philanthropy: JC Hempel decided that, once the capital reserves were secured, all profits from the business should be given back to society for social, humanitarian, scientific, cultural, artistic or other non-profit purposes.
?date?	Employee Benefits: JC Hempel introduced benefits such as free milk and soft drinks at work. Holiday homes for employees’ use were purchased; sports associations established, and further training was subsidised.
WW II	Hempel’s Ship Paints were being manufactured in 7 factories, marketed by 27 representatives, and stocked in 22 ports worldwide.
1934	Hempel had 7 factories and 22 stock points.
1920s	The company began exporting.
1918	Expansion: Hempel paint began to be manufactured in Sweden, and production in Norway followed shortly thereafter.
1917	JC Hempel acquired his first foreign representative in Spain.
1917	A second factory on Strandlodsvej, Copenhagen was opened.
Jul.1915	JC Hempel’s Skibsfarve-Fabrik A/S (JC Hempel’s Marine Paints Ltd), a paint factory wholesale business, was established by Jørgen Christian Hempel, a 21-year old with 300 kroner in his pocket, and the idea of producing ready-mixed paints for the maritime industry. This first factory used an old coffee grinder that could only produce 50 kilograms of paint at a time. The first order was for a rowing boat.

Additional Sources: Annual Report 2016 Hempel Foundation. Original archived on Sept.21.2017. ♦ Historien om Hempel. (The story of Hempel). Hempel Foundation. Accessed Dec.29.2019.

Crown Paints

Crown Paints

crownpaints.co.uk

Crown Paints is a manufacturer and distributor of branded paint to the retail and trade sector. ... The Crown Paints subsidiary, 2nd largest decorative coatings manufacturer in the UK, was sold to .

• Jun.2011: Hempel A/S, a Danish coatings supplier, bought Crown paints from Endless LLP.[0.pdf ref]
• Sept.2008:
  
  Endless LLP, a UK-based private equity firm, acquired the business from Akzo Nobel NV as a non-core asset in a highly complex transaction.[0.pdf ref]

and Akzo Nobel agreed to sell its Crown paints subsidiary.ref

• Aug.2008: Hempel Fonden, a privately-owned international coatings supplier for the decorative, protective, marine, container and yacht markets, purchased Crown Paints from ICI.

• Jan.2008: Akzo Nobel's takeover of ICI plc was announced.

• Jun.2007: Akzo Nobel bid to acquire ICI; the European Commission required the divestment of various businesses.

sale of three UK paint plants in Lancashire, Cheshire and Hull.

• 2003: Imperial Home Décor was taken over by Crown Wilman Vymura Ltd.
• 2001: Relief Decorations, a wallpaper manufacturer with the brands Anaglypta and Lincrusta is sold to Imperial Home Décor.
• 2001: Crown Inks was sold as part of Akzo Nobel's exit from the ink industry (now part of Flint Group).
• 1995 Akzo Nobel Decorative Coatings Ltd: Akzo Decorative Coatings of Akzo Coatings, Crown Nobel Decorative Paints Division of Crown Berger Ltd, and Sadolin Nobel UK Ltd, made up the new division.
• 1991: MacPherson Paints was acquired by Nobel Industries from Kemira Oyj, and became part of Crown Nobel Decorative Paints Division.
• 1990: Nobel Industries subsidiary Casco Nobel bought Crown Berger Ltd from Williams Holdings,[The Times, May.03.1990] and split it into several divisions:
  • Crown Berger Decorative Paints became Crown Nobel Decorative Paints Division, an independent division for decorative coatings;
  • Crown Berger Industrial Coatings and RCL became part of Casco Nobel Industrial Coatings Division;
  • Crown Inks became part of Casco Nobel Inks Division;
  • Sadolin Nobel UK continued as part of Sadolin Nobel Decorative Paints Division.
• Jan.1989: Jacoa paint business was acquired from Ward White (UK), and merged into Crown Berger.
• 1988: Berger, Jenson & Nicholson Ltd, a manufacturer of paint and and wood preservative Cuprinol, was acquired from Hoeschst AG by Williams Holdings, and became part of Crown Paints, creating Crown Berger.
• 1987:
  
  Williams Holdings plc purchased the Crown Paints and Polycell divisions from Reed International, after Reed decided to concentrate on on its publishing, information, paper and packaging businesses, and put major parts of its DIY division up for sale.[The Times, June 16, 1987]
• 1985: Reed Building Products Division was subject to a management buy-out.
• 1980: Relief Decorations was acquired by Crown Decorative Products.
• 1975: Crown Decorative Products: Walpamur changed its name, as it was felt that the name Walpamur was too closely associated with the old water-based wall paints, and emulsion paints were now the chief product.
• 1971: Reed Building Products Division: Reed International acquired Twyfords, and formed a new main division.[The Times, Jun.29.1971] Key Terrain, Burn Brothers and James Ferguson were transferred into the division from Wall Paper Manufacturers.[The Times, Jul.04.1972]
• 1970: Reed International Ltd: Reed Group acquired International Publishing Corporation, and changed its name.[The Times, Apr.11.1970],
• ~1966: Crown Plus Two Paints: Albert E Reed & Company changed the name of all of its paint brands to Crown Paints, alongside its Crown Wallpapers products.
• 1965: Reed Group Ltd formed the Building Products Division within Wall Paper Manufacturers.[The Times, Jul.13.1965]
• 1965: Albert E Reed & Company acquired Wall Paper Manufacturers,[The Times, Apr.06.1965] which became part of Reed's newly-formed Decorative Products Division, together with Crown and, later, Polycell Products.
• 1962: The WPM was responsible for 79% of the total supply of wallpaper in the UK, including its subsidiaries Arthur Sanderson & Sons Ltd, Shand Kydd Ltd, and Oldham Paper Staining Company Ltd of Albany Mill, Waverley Street, Oldham.
• 1961: Smith and Walton Ltd, a Haltwhistle, Northumberland-based paint manufacturer was acquired; and aldo a majority interest in KL Holdings Ltd, parent company of wallpaper manufacturer Shand Kydd Ltd.
• 1961: Gee (Decorators' Merchants) Ltd was acquired.
• 1954: Berkshire Wallpapers Ltd was acquired.
• 1951: SM Bryde & Company Ltd was acquired to service the growing retail trade.
• 1949: Colour-making was carried out in three of the company's branches: Arthur Sanderson & Sons, Walker Carver, and C & JG Potter. The Sanderson colour-making department was transferred from Osborn and Shearman, Fulham, when the latter was closed in 1934.
• 1946: The Darwen Paper Mill Company of Spring Vale, Darwen, was acquired.
• 1936: The W.P.M. acquired a wet mica grinding plant from a small business in liquidation. (Powdered mica was one of the more essential raw materials of the wallpaper industry.)
• 1934-61: Three smaller manufacturing acquisitions.
• 1934: Six further manufacturing acquisitions: Cunliffe & Ward Ltd, Derby Paper Staining Company Ltd, T Fairbrother and Lees Paper Staining Company Ltd, The British Embossed Paper Company Ltd, and The English Wallpaper Makers Ltd.
• 1933: The Walpamur Company (Ireland) was formed in Dublin.
• 1929: Peel Mill and Cobden Mill were acquired.
• 1929: Arthur Sanderson & Sons (whose mill was part of the original formation of WPM in 1899) was acquired, becoming a subsidiary.
• 1928: The factory of the Carlisle and Clegg branch, Derby, was closed down and the operations accommodated in new premises at Bredbury with Lightbowns.
• 1924-1927: Three more manufacturers were acquired.
• 1920 Howitt Paint and Wallpaper Company Ltd was acquired.
• 1919: Acquired Paramount Wallpapers Ltd, and Little Lever Paper Staining Company which was put into liquidation.[London Gazette 1 April 1919]
• 1915: Smith & Butler of Leeds was acquired.
• 1915: Kinder & Company of Manchester was acquired.
• 1915: FW Howarth, a wallpaper manufacturer in Blackley, near Manchester, was acquired.
• 1915: Holmes Chapel Wallpaper Company of Victoria Mill, Holmes Chapel, Cheshire, was acquired.
• 1915: Ten manufacturing concerns were acquired.
• 1915: WalPaMur Paint Company was incorporated to handle paint manufacture. WalPaMur was derived from The Wal'l Paper Manufacturers' Company.
• 1913: Yet another manufacturing business was acquired; also John R Lee & Company distributors.
• 1909: Another manufacturing business was acquired.
• Aug.1906: Hollins Distemper: the company began to manufacture paint as a subsidiary activity.
• 1906: Two manufacturing businesses were acquired.
• May.1899: The Wall Paper Manufacturers Ltd was formed as a co-operative to bring together the businesses of 31 firms and companies,ref to produce wallpaper, in Darwen, a market town in Lancashire, England.
• 1777: Dob Meadows print shop was first established for calico printing.

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Additional Sources: Report on the Supply of Wallpaper. Presented to Parliament in pursuance of Section 9 of the Monopolies & Restrictive Practices (Inquiry and Control) Act, 1948. The Monopolies Commission, Jan.21.1964. ♦ Wall Paper Manufacturers. Grace's Guide. Accessed Nov.11.2020.

Crown Paints Group Ltd, Crown Paints Ltd,

References

Additional Sources

• Annual Report 2013. Hempel A/S. Original archived on Oct.05.2017.
• Annual Report 2015. Hempel A/S. Original archived on Aug.07.2016.
• Annual Report 2009. Hempel A/S. Original archived on Mar.06.2014.
• Annual Report 2007. Hempel A/S. Original archived on Oct.04.2012.

ToDo: AR-2018, AR-2017, AR-2016, AR-2014