Sector News

Kansai Paint to acquire Helios Coatings Group

December 7, 2016

With the purchase of Helios Group, Japanese company Kansai Paint intends to increase presence across Europe.

After the constructive negotiation process between shareholders of Helios Group – Ring International Holding, Franklin Templeton and GSO – and Kansai Paint Co. Ltd., one of world’s top 10 paint manufacturers, the two peers agreed on the terms and conditions of a share purchase agreement (“SPA”). The SPA was signed on December 6 in Vienna/Austria.

Pursuant to the signed SPA Kansai Paint will acquire 100% of shares in Helios Coatings Group. The shares transactions will be completed in two to three months, after the approval of the Antithrust Authority. Signed SPA presents a milestone for a new development of Helios Group’s companies as Helios will become the European center of Kansai Paint.

Helios will become Kansai’s European center for R&D, innovation and business development

The president of Kansai Paint, Hiroshi Ishino was very satisfied with the signing, stating: “For Kansai Paint, Helios Group with almost EUR 400 million turnover, represents a pillar in the very important market of Europe. We already had a strong presence in Asia, Africa and Middle East but very limited in Europe, so the purchase was made with a purpose to develop and expand the coating business in that continent.”

With the purchase of Helios Group, Kansai Paint intends to increase presence across Europe and to consolidate the position as the premier coating company, also with Helios brands under its umbrella. Being under the wing of strategic owner Kansai Paint, presents various new opportunities to Helios and the benefits that will emerge out of the partnership. Helios will become Kansai’s European center for R&D, innovation and business development.

Source: European Coatings

comments closed

Related News

August 23, 2019

The higher purpose of being a CEO

Borderless Leadership

LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]

August 23, 2019

As Brexit nears, Britain’s drugs, devices and pricing regulators seek the exit

Life sciences

LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]

August 23, 2019

The Simply Good Foods Company acquires Quest Nutrition for $1bn

Consumer Packaged Goods

LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]

How can we help you?

We're easy to reach