Ares Management To Sell Farrow & Ball To Hempel Group - Quick Facts

(RTTNews) - Ares Management Corp. (ARES) announced that a fund managed by its Private Equity Group has signed an agreement to sell Farrow & Ball, a UK based paint and wallpaper brand, to Copenhagen-based Hempel Group. Terms of the transaction were not disclosed. Ares expects this transaction to close in the second half of 2021.