Feb. 02, 2023
Kansai Paint Co., Ltd.
Kansai Helios Coatings GmbH (“KANSAI HELIOS”), a European consolidated subsidiary of Kansai Paint Co., Ltd (“Kansai Paint”) has completed its acquisition of CWS Lackfabrik GmbH (“CWS”) on February 1st, 2023. The deal was first announced as “Notice about acquisition of shares of a powder coating business company in Europe (to make it a consolidated subsidiary)” on November 30th, 2022. KANSAI HELIOS has acquired all shares of CWS and has become its new owner.
CWS is a well-established paint manufacturer founded in 1864 with over 150 years of business experience and a solid position in the manufacture and sale of industrial powder coatings and synthetic resins in Germany and other European countries as well as USA. The powder coatings market is expected to grow significantly worldwide in the future from the perspectives of the environment and quality of life (QOL). This acquisition for KANSAI HELIOS is a perfect complement and extension of company competences in powder coatings and synthetic resins business, and will further strengthen the Kansai Paint Group’s competitiveness.
Kansai Paint Group has set “aggressive investment in growing market” as one of the key principles in the 17th Medium-term Management Plan, which started in April 2022. We will expand overseas businesses by reinforcing our strengths, mainly in Europe and India, and promoting small- and medium-sized M&A within the ¥20 billion framework with the aim of having them complement each other mutually. In addition to this transaction, we announced the completion to acquire railway business assets of wefa in Germany in August 2022, and the agreement to acquire the railway business assets of Beckers in December 2022.
In order to promote our group strategy of “shifting to B to B business” and “strengthening focused businesses and fields such as India and Europe”, we will continue to pursue not only small and medium-sized M&A that will optimize our business portfolio, but also explore the possibility of large-sized M&A.
- Related News Release
- November 30th ,2022 – Notice about acquisition of shares of a powder coating business company in Europe (to make it a consolidated subsidiary) PDF
- December 16 ,2022 – Kansai Paint Group to expand European business KANSAI HELIOS acquires The Railway Coatings business assets http://www.kansai.com/news/23304/
- Related Documents
- November 17 ,2021 ―Strategy Briefings PDF
- Summary of Kansai Paint
Company name : Kansai Paint Co.,Ltd
Head Office : 6-14, Imabashi 2-chome, Chuo-ku, Osaka 541-8523, Japan
Name of representative: MORI Kunishi, Representative Director of the Board, President
Outline of Operations :- Manufacturing and sale of paints and coatings
- Color design
- Manufacturing and sale of biorelated products and electronic materials related products
Corporate website : https://www.kansai.com
- About KANSAI HELIOS
Company name : Kansai Helios Coatings GmbH
Head Office : Ignaz-Kock-Strasse 15 1210 Vienna, Austria
Name of representative: KAJIMA Junichi
Date Established : November 19, 2005
Outline of Operations :
Holding company of paints and coatings manufacturing and sales company
Main Shareholders and holding ratio : Kansai Paint Co.,Ltd. 80%
Corporate website : https://www.kansai-helios.eu/ - About the Kansai Paint Group
For more than a century since its establishment in 1918, the Kansai Paint Group has been providing technologies cultivated in the paint and coatings business.
Under the mission statement―” We leverage superior technology to contribute to our Customers and Society in a sustainable manner, with innovative Products and Services, through a competent workforce, built on a culture of Customer focus, Integrity, and Respect to our Stakeholders.”, We will contribute to the global environment and the world and aim to be a Great company that continues to grow sustainably.
Contact Information
Kansai Paint Co., Ltd.
Investor and Public Relations Dept. Corporate Panning Div.
(Horiguchi, Yamamoto)
