CWS Lackfabrik GmbH acquired by Kansai Helios
Kansai Helios Coatings GmbH, a European consolidated subsidiary of Kansai Paint Co, Ltd has completed its acquisition of CWS Lackfabrik GmbH. Kansai Helios has acquired all CWS shares 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 the US. The powder coatings market is expected to grow significantly worldwide in the future from the perspectives of the environment and quality of life. This acquisition 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 its 17th Medium-term Management Plan. The company says it will expand overseas businesses by reinforcing its strengths, mainly in Europe and India, and promoting small- and medium-sized M&A within the ¥20 billion (€1.27 billion) framework with the aim of having them mutually complementing each other.