Industry News

Kansai Paint Completes its Acquisition of Helios Group

Published on 2017-04-10. Author : SpecialChem

Kansai Paint has acquired all shares of European coating manufacturer Helios Group. Under the strategic owner Kansai, Helios will represent a strong European center of innovation, know-how and business development, and will further grow its importance in European coating industry.

A Strong European Center of Innovation

Kansai paint helios acquisition
Representatives of Helios Group and Kansai Paint.

  • With the acquisition of Helios Group, Kansai Paint accelerates its growth strategy to become one of top paint producers in the world
  • Before the acquisition of Helios, Kansai already had a strong presence in Asia, Africa and Middle East, but very limited in Europe
  • Helios Group is a coating manufacturer with strength in different types of coatings and mainly operates in Central, Eastern and Western Europe and CIS countries
  • A successful acquisition provides Kansai Paint with a foothold for full-scale expansion into Europe
  • Both companies aim to expedite business growth by boosting sales further and creating synergies through the utilization of both groups’ technologies, know-how, products and sales networks

David Kubala, One of The Two CEO’s of Helios Group Stated:

“Helios already has the sales network in European markets, with its numerous trusted brand names. We hold a strong position in industrial, car refinish and decorative coating segments. Our portfolio is similar and in some cases complementary to Kansai Paint’s. Kansai has a strong commitment to R&D and innovations and Helios obtains efficient production, strong R&D department with well-skilled people and advanced equipment. For all these reasons amongst others, Helios is the right company for Kansai to expand and develop business in Europe.“

From now on, Kansai will continue to strengthen its position as one of the biggest and premier coating companies, also with Helios brands under its umbrella.

About Helios Group

Helios produces wide range of products and solutions in all segments of coatings and with many renowned brands. As specialists for niche markets it makes more of a tailor made products for its customer.

About Kansai Paint

Kansai Paint Japan is one of the world’s top 10 manufacturers of paint and coatings. Established in 1918, the company has grown into Japan’s largest paint manufacturer as well as one of the country’s most progressive businesses. Kansai Paint Japan operates in more than 50 countries providing premium automotive, architectural, auto refinish and industrial coatings.

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Source: Kansai Paint
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