Wattyl was sold to Hempel by Sherwin-Williams, the world's largest paint and coatings company and headquartered in the United States. The Wattyl business became part of Sherwin-Williams through the 2017 acquisition of The Valspar Corporation. The business was previously reported in Sherwin-Williams Consumer Brands Group. The transaction is now pending customary approval from the authorities, which is expected in the first quarter of 2021. "We are now taking the first large, visible step in our ambition of doubling Hempel by 2025, and the acquisition will have a major, positive impact on our footprint and development in our South ...