KANSAI HELIOS Completes Its Acquisition Of WEILBURGER
~Active invest in railroad business and other B to B growth fields

Kansai Paint Co., Ltd.

 Kansai Helios Coatings GmbH (“KANSAI HELIOS”), a European consolidated subsidiary of Kansai Paint Co., Ltd. (Headquarters: Kita-ku, Osaka, President & CEO: MORI Kunishi, hereinafter referred to as “Kansai Paint”), announced on February 8, 2024 that it would acquire 100% of WEILBURGER Coatings GmbH and WEILBURGER Asia Ltd.(Hong Kong (collectively, “WEILBURGER”), which are under the umbrella of GREBE Holdings GmbH and are responsible for the industrial paint manufacturing and sales business, and the acquisition has completed on May 14, 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. Approximately 600 employees are employed at 7 production sites. 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.

 

 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.

 

■Related News Release 

 February 8, 2024
 KANSAI HELIOS ACQUIRES WEILBURGER

 

■Related Documents 

 November 14 ,2023 Strategy Briefings
 https://ssl4.eir-parts.net/doc/4613/ir_material_for_fiscal_ym/144260/00.pdf?_fsi=M1zgqb3d

 

■Outline of Kansai Helios
 Company name: Kansai Helios Coatings GmbH
 Head Office: Ignaz-Kock-Strasse 15 1210 Vienna, Austria
 Name of representative: Dietmar JOST
 Date Established: January 22nd, 2005
 Outline of Operations: Holding company for the manufacture and sale of paints, synthetic resins, etc.
 Main Shareholders and holding ratio: Kansai Paint Co., Ltd. 80%
 Corporate website: https://www.kansai-helios.eu/

 

■About KANSAI HELIOS

 KANSAI HELIOS is a coatings group headquartered in Vienna, Austria, with a wide range of production and sales networks in Europe and beyond. Through paints, synthetic resins, adhesives and other chemical products, the company offers a wide range of high-quality, innovative product solutions and systems for a variety of industries, professional users and end-users

 

 

Contact Information

Kansai Paint Co., Ltd
Investor and Public Relations Dept. Corporate Panning Div.
(Horiguchi, Yamamoto)
E-mail: koho@als.kansai.co.jp

KANSAI HELIOS ACQUIRES WEILBURGER
~Active investment in B to B growth fields~

Feb. 08, 2024
Kansai Paint Co., Ltd.

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.

  • Related News Release
    • February 8, 2024

    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) PDF

  • Related Documents
    • November 14 ,2023 Strategy Briefings PDF
  • Outline of Kansai Helios

    Company name               : Kansai Helios Coatings GmbH
    Head Office                       : Ignaz-Kock-Strasse 15 1210 Vienna, Austria
    Name of representative: Dietmar JOST
    Date Established             : November 19 , 2005
    Outline of Operations    :Holding company for the manufacture and sale of paints, synthetic resins, etc.

    Main Shareholders and holding ratio : Kansai Paint Co., Ltd. 80%

    Corporate website         : https://www.kansai-helios.eu/

  • About KANSAI HELIOS

    KANSAI HELIOS is a coatings group headquartered in Vienna, Austria, with a wide range of production and sales networks in Europe and beyond. Through paints, synthetic resins, adhesives and other chemical products, the company offers a wide range of high-quality, innovative product solutions and systems for a variety of industries, professional users and end-users.

Contact Information

Kansai Paint Co., Ltd
Investor and Public Relations Dept. Corporate Panning Div. (Horiguchi, Yamamoto)
E-mail:koho@als.kansai.co.jp

 

Notice Regarding Termination of the Share Purchase Agreement of the Transfer of Kansai Paint’s Africa Business

Nov. 29, 2023
Kansai Paint Co., Ltd.

On June 1, 2022, Kansai Paint Co., Ltd. (“Kansai Paint”) announced that Kansai Paint entered into an agreement to sale its Africa business to Akzo Nobel N.V. (“AkzoNobel”), a global leading coatings company under the Share Purchase Agreement (“Agreement”). However, we hereby announce that Kansai Paint and AkzoNobel today have terminated the Agreement.

With regard to the share transfer under the Agreement (“Transfer”), Kansai Paint has advanced the process for antitrust approval of the relevant authorities. However, the Competition Tribunal in South Africa, which is an important region for Kansai Paint’s African business, has issued an order prohibiting the Transfer. As the closing of the Transfer is subject to the antitrust approval of the relevant authorities, the parties have agreed to pursue different paths and have terminated the Agreement on November 29, 2023.

Kansai Paint will continue to operate its African business and aim to strengthen its competitiveness in the African market, improve customer satisfaction and continue to contribute to the development of the African society through the paint business. Kansai Paint will also remain committed to maximizing the enterprise value through enhancing governance over its Africa business and fully realizing group synergies.

The termination of the Transfer will have no impact on the Kansai Paint’s business results for this fiscal year and its growth investment and shareholder return.

 

KANSAI HELIOS completed its acquisition of the global Railway Coatings business assets from Becker Industrie SAS
~Kansai Paint Group to expand European business~

May. 08, 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 the global Railway Coatings business assets from Beckers Group´s company Becker Industrie SAS (“Beckes”) on May 2nd, 2023. The deal was first announced as “KANSAI HELIOS acquires The Railway Coatings business assets from Becker Industrie SAS” on December 16th, 2022.
KANSAI HELIOS opened its first subsidiary in France, KANSAI HELIOS France SAS, which will represent the entire industrial coatings expertise of the KANSAI HELIOS Group and will conduct the railway coating business acquired from Beckers.

KANSAI HELIOS, with its holding company in Austria, provides a wide range of coatings, including industrial coatings, throughout Europe, and beyond. KANSAI HELIOS owns two brands for railway coatings, Rembrandtin and Helios, and has achieved a solid market position in Europe. In addition, KANSAI HELIOS Wefa GmbH, which was established in Germany following the acquisition of the German coating manufacturer Westdeutsche Farben GmbH in August 2022, with its brand “Wefa” expands the KANSAI HELIOS railroad coatings range.
Beckers Group is the number one supplier of coil coatings and a leading supplier of industrial paint worldwide, founded in 1865, with production in 23 locations in 17 countries and sales in 60 countries.
By taking over the Beckers’ business, since which has a strong position and high technological capabilities in railway coatings in France and neighboring countries, we will be able to enter new markets such as France and further strengthen our competitiveness in the industrial field, including railway coatings, in Europe and worldwide.

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 completion to acquire of shares of a powder coating business company CWS Lackfabrik GmbH in Europe and USA in February 2023.

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
    • December 16th, 2022 – Kansai Paint Group to expand European business
      KANSAI HELIOS acquires The Railway Coatings business assets
      https://www.kansai.com/news/23304/
    • February 2nd, 2023 – KANSAI HELIOS completed its acquisition of CWS
      ~Increase market position in the field of Powder Coatings and Synthetic Resins~
      https://www.kansai.com/news/23288/
  • 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
    Date Established             : May 17, 1918
    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: Dietmar JOST
    Date Established             : November 19, 2005
    Outline of Operations    :
    Holding company of companies manufacturing paints and coatings, synthetic resins, adhesives and starches and other chemical products
    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)
TEL: +81(0)6-6203-6530

 

Kansai Paint Group to expand European business
KANSAI HELIOS acquires The Railway Coatings business assets

Dec. 16, 2022
Kansai Paint Co., Ltd.

Kansai Helios Coatings GmbH (“KANSAI HELIOS”), a European consolidated subsidiary of Kansai Paint Co., Ltd (“Kansai Paint”) has agreed with Becker Industrie SAS (“Beckers”), a subsidiary of Beckers Group, to acquire its global Railway Coatings business assets.

 The asset purchase agreement for the acquisition of the business assets was signed on December 9, 2022. KANSAI HELIOS will – after its completion of closing conditions – acquire all business assets of Beckers in the Railway Coatings segment, such as recipes and railway homologations, customer database (excluding customers from India and China). As a part of this transaction, KANSAI HELIOS will establish a new and at the same time its first subsidiary in France, KANSAI HELIOS France SAS, which will collaborate within the KANSAI HELIOS Group to conduct the railway coating business acquired from Beckers. The transaction is expected to close in the first quarter of 2023. (KANSAI HELIOS : December Financial Year Closing)

  • About Beckers Group
    Beckers Group is the number one supplier of coil coatings and a leading supplier of industrial paint worldwide, founded in 1865, with production in 23 locations in 17 countries and sales in 60 countries.
  • About KANSAI HELIOS
    KANSAI HELIOS, based in Austria, provides a wide range of coatings, including industrial coatings, in a wide area of Europe. KANSAI HELIOS has two brands of railway coatings, Rembrandtin and Helios, and has achieved a solid market position in the Europe, with the addition of KANSAI HELIOS Wefa GmbH (“Wefa”), which was established in Germany in August 2022 through the acquisition of its business assets. By taking over the Beckers’ business, since which has a strong position and high technological capabilities in railway coatings in France and neighboring countries, we will be able to enter new markets such as France and further strengthen our competitiveness in the industrial field, including railway coatings, in Europe and worldwide.

 Kansai Paint Group has set “aggressive investment in growth areas” 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. This acquisition follows the August 2022 acquisition of Wefa and the November 30, 2022, acquisition of shares of a powder coating business company CWS Lackfabrik GmbH in Europe. In order to promote our group strategy of “shift 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
    • Notice about acquisition of shares of a powder coating business company in Europe
      (to make it a consolidated subsidiary) PDF
  • 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
    Date Established             : May 17, 1918
    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 New Company

    Company name               : KANSAI HELIOS France SAS
    Date Established             : January 2023 (To be determined)
    Outline of Operations   : Sales of paints and coatings Main Shareholders and holding ratio : Main Shareholders and holding ratio :Kansai Helios Coatings GmbH  100%

  • About Kansai Paint

    For more than a century since its establishment in 1918, Kansai Paint 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)
TEL:070-8810-2316  E-mail:HORIGU03@als.kansai.co.jp (Horiguchi)
TEL:070-2455-8658  E-mail:NAKAMU26@als.kansai.co.jp (Yamamoto)