Kansai Paint Co., Ltd. (Headquarters: Kita-ku, Osaka, President & CEO: MORI Kunishi, hereinafter referred to as “Kansai Paint”) is pleased to announce that through Kansai Helios Coatings GmbH (hereinafter referred to as “KANSAI HELIOS”), a consolidated subsidiary of Kansai Paint in Europe, Industrial Coatings business of WEILBURGER Coatings GmbH and WEILBURGER Asia Ltd. (Hong Kong) (hereinafter collectively referred to as “WEILBURGER”) will be acquired. The acquisition will be made by 100% share transfer of WEILBURGER held by GREBE Holding GmbH, and all the Industrial Coating business including sales and manufacturing sites of WEILBURGER in Europe, America, Asia and others will be included.

KANSAI HELIOS plans to conclude a share purchase agreement on February 9th, 2024.

　WEILBURGER is a long-established paint manufacturer that has been operating globally for more than 120 years since its founding in 1900, mainly in Europe. Consolidated sales in 2023 are expected to be around EUR 150 million.
With the acquisition of WEILBURGER, Kansai Paint Group will greatly enhance its position in the Industrial coatings market, introducing and expanding WEILBURGER’s unique technologies, such as non-stick coatings used in frying pans and irons, and heat-resistant paints used in stoves and fireplaces, and important business of railway coatings.
Among the acquisitions of WEILBURGER, the acquisition of WEILBURGER Asia Ltd. falls under the timely disclosure items (transfer of specified subsidiaries) stipulated by the Tokyo Stock Exchange, so we have also disclosed it as “Notice about acquisition of shares of WEILBURGER Asia Ltd.(Hong Kong), by Kansai Helios Coatings GmbH which is our consolidated subsidiary (in order to make it a consolidated subsidiary)“.

Under the 17th Medium-Term Management Plan, Kansai Paint Group is engaged in small- and medium-sized M&A mainly in Europe and India. To date, KANSAI HELIOS has acquired Wefa’s railway business assets (August 2022), CWS Group (February 2023), and Beckers railway business assets (May 2023).

Going forward, in addition to focusing on creating synergies through WEILBUGER’s participation into Kansai Paint Group, we will continue to implement the Group’s strategy of “Aggressive investment in growing markets” to achieve sustainable enhancement of corporate value.