【招商宝】On April 3, Japan’s Kansai Paint Co., Ltd. announced that it has completed the acquisition of the Helios Coatings Company in Slovenia on March 31. Kansai Paint began its expansion strategy in Europe.
The starting point of the acquisition can be traced back to 2016. On December 6, 2016, Kansai Paint, the second largest paint manufacturer in Japan, signed an agreement to acquire Helios Group, one of Europe’s top ten coatings manufacturers. Kansai Paint will invest 70 billion yen (approximately 572 million euros) from Austria’s Ring International and other shareholders to acquire the entire share capital of Luxembourg-based Annagab, thereby achieving the acquisition of the coating assets of the Helios Group in Slovenia.
It is reported that Slovenia Helios Coatings Co., Ltd. started in the 1920s, the main products are liquid coatings, powder coatings, resin coatings and decorative coatings. The company has more than 2,000 employees, and its production sites are located in Austria, Germany, Italy, Slovenia, Croatia and other countries. Helios currently serves more than 50,000 customers in more than 60 countries and sold it to Austrian holding Ring International for €145 million in 2014. Austrian Ring International established Annagab in Luxembourg to hold HELIOS Coatings.
Helios has high-quality industrial coatings, and the demand for industrial coatings is not only in Europe and Japan, but also in China and the Middle East. After the acquisition, Kansai Paint will retain all the brands of Helios Coatings, and Helios Group will become the center of innovation, R&D, production and distribution of Kansai Coatings in Europe.
David Kubala, CEO of Helios Group, said: “We are proud to be an important member of the European Group, and Japanese companies recognize our potential.
Kansai Paint is one of the world’s top ten paint manufacturers with annual sales of more than 2.6 billion euros. Kansai Paints has expanded aggressively in the Middle East, Africa and Asia, but it has no impact on the European market. The acquisition is beneficial to Kansai Paint Development and expand its market share in Europe. At the same time, it is also a global strategy. Another step.
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