Kan­sai Plas­con Africa ac­quires Sadolin Paints

East African Business Week - - FRONT PAGE - BY EABW RE­PORTER

Kan­sai Plas­con Africa Lim­ited (“KPAL”), a sub­sidiary of Kan­sai Paint Co., LTD (“Kan­sai Paint”) has an­nounced a bind­ing agree- ment for the ac­qui­si­tion of 100% of Sadolin Paints’ op­er­a­tions in Kenya, Uganda, Tan­za­nia, Zanz­ibar and Bu­rundi (“Sadolin Paints”). The com­ple­tion of the trans­ac­tion is sub­ject to reg­u­la­tory ap­provals and other cus­tom­ary con­di­tions. As part of the trans­ac­tion, the par­ties have also agreed to sep­a­rately in­ves­ti­gate the ac­qui­si­tion of Sadolin Paints’ op­er­a­tions in Rwanda. Kan­sai Paint is a global com­pany with ma­jor op­er­a­tions in Ja­pan, China and East Asia; South Asia, South East Asia, the Mid­dle East; and Africa. It is one of the top paint manu-

fac­tur­ers and dis­trib­u­tors world­wide with a di­verse prod­uct of­fer­ing cov­er­ing the dec­o­ra­tive, in­dus­trial, pro­tec­tive coat­ings and au­to­mo­tive space. It has world lead­ing Re­search and De­vel­op­ment fa­cil­i­ties cater­ing for de­vel­op­ment across all prod­ucts with ma­jor R&D fa­cil­i­ties in Ja­pan, In­dia and South Africa, which con­tin­u­ally drive in­no­va­tion and ex­cel­lence in the mar­kets these prod­ucts serve. Sadolin Paints is the undis­puted mar­ket leader in the East African paint in­dus­try with a his­tory dat­ing back to 1959. Sadolin Paints is the largest paint man­u­fac­tur­ing group in East Africa and the only one with a foot­print com­pris­ing pres­ence in Kenya, Uganda, Tan­za­nia, Zanz­ibar, Bu­rundi and Rwanda, with ex­ports to sev­eral neigh­bour­ing coun­tries in­clud­ing South Su­dan, DRC, Ethiopia, Dji­bouti and So­ma­lia. The ac­qui­si­tion of Sadolin Paints is part of Kan­sai Paint’s global ex­pan­sion strat­egy. This ac­qui­si­tion fur­ther proves Kan­sai Paint’s long-term com­mit­ment to the African con­ti­nent and will re­in­force KPAL´S lead­ing po­si­tion in Africa and es­tab­lish its pres­ence in East Africa with a to­tal pop­u­la­tion of circa 285 mil­lion peo­ple, rep­re­sent­ing around 24% and 9% of the to­tal African pop­u­la­tion and GDP re­spec­tively. Farid Ma­sood, KPAL CEO said “We are ex­tremely ex­cited about the ac­qui­si­tion of Sadolin! Our 2020 vi­sion is now be­ing trans­lated into re­al­ity as we evolve from a South­ern African fo­cused com­pany to be­com­ing a Pan African com­pany, em­brac­ing the chal­lenges and diver­sity of the con­ti­nent. Kan­sai’s strong brand her­itage, global tech­ni­cal ca­pa­bil­ity, and trusted per­for­mance cou­pled with Sadolin’s re­spected rep­u­ta­tion and pres­ence in East Africa, will def­i­nitely strengthen our po­si­tion as the lead­ing paint com­pany in Africa, en­hanc­ing our future growth and per­for­mance.” KPAL be­lieves that the ben­e­fits of the trans­ac­tion will ex­tend to all stake­hold­ers of KPAL and Sadolin Paints, in­clud­ing dis­trib­u­tors and other busi­ness part­ners. KPAL in­tends to work closely with Sadolin Paints’ man­age­ment and staff to en­sure the con­ti­nu­ity of the busi­ness and ser­vices of­fered to Sadolin Paints’ val­ued cus­tomers, and to main­tain its po­si­tion as a mar­ket leader in the East African mar­kets.

Sadolin Paints is the undis­puted mar­ket leader in the East African paint in­dus­try with a his­tory dat­ing back to 1959, Kan­sai Paint is a global com­pany with ma­jor op­er­a­tions in Ja­pan, China and East Asia; South Asia, South East Asia, the Mid­dle East; and Africa.

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