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Kansai Paint to Acquire Helios Coatings Group

Austria: Two leading paint manufacturing companies Kansai Paint Co. Ltd. and Helios Group have agreed to the terms and conditions for signing a share purchase agreement. The two companies signed an agreement on 6th December 2016, which would include the acquisition of 100% share of Helios Coatings Group by Kansai Paint. This transaction is expected to complete within two to three months after the approval of from Antithrust Authority. Additionally, this agreement will further make Helios as the European R&D, innovation and business development centre for Kansai Paint. 

TechSci Research depicts this share purchase agreement will further help Kansai Paints to strengthen its position in the European region. Since the company has a strong penetration in Asia, Africa and Middle East market, this deal would result in enhancing its presence of Kansai Paint in the global paints and coatings business.

According to the recently published report by TechSci Research, Global Pigments Market By Type, By Application, Competition Forecast and Opportunities, 2011 – 2021”, global pigments market size is estimated to cross $ 34 billion by 2021. Growth in the market is anticipated on account of continuously increasing demand from major end use industries, such as paints & coatings, printing inks, construction, automotive, etc. Global paints & coating industry stood at around USD122.5 billion in 2011, and is anticipated to reach to USD168.5 billion by 2017, thereby portraying a positive outlook for the global pigments market. In addition to coloring applications, pigments are also used in huge quantities in non-coloring applications. For instance, iron oxide pigments are used in lithium-ion batteries to produce cathodes.

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