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Ares Management's Private Equity Unit to Sell Farrow & Ball to Hempel Group

05/11/2021 01:44

05:43 AM EDT, 05/11/2021 (MT Newswires) -- Ares Management (ARES) said Tuesday a fund managed by its private equity group has agreed to sell Farrow & Ball to Hempel Group for an undisclosed sum.

The deal is expected to close in the second half of the year.

Farrow & Ball is a UK-based manufacturer of paint and wallpaper that Ares acquired in 2014.

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