The assets of Helios’s global railway coatings business have been acquired by Kansai Paint Co.Ltd one of the top producers of coatings and paints. The transfer of the company’s assets was finalised on May 1st 2021 after the transaction’s announcement on March 24th 2021. The business assets relating to the production and marketing of railway coatings including the intellectual property rights, research, development resources and all other assets were acquired from Helios. With this acquisition – Kansai Paint will become even more of a dominant producer of coatings and paints for the railway sector.
Kansai Paint to Expand Itself with Railway Coating Business
For Kansai Paint, the railway coatings industry represents a significant growth area. The company will be able to increase its footprint in the railway coatings industry which is anticipated to grow significantly in the upcoming years thanks to the acquisition of Helios’ global railway coatings business assets. Kansai Paint will be able to benefit from Helios’ experience in creating high-performance coatings for the railway sector as a result of this acquisition.
Kansai Paint is dedicated to offering its clients premium paints and coatings that are tailored to their individual requirements. It will be able to supply a greater variety of high-performance coatings for the railway industry thanks to the acquisition of Helios’ global railway coatings business assets, including coatings that offer exceptional corrosion resistance, weatherability, and durability.
The assets of Helios’ global railway coatings business were acquired by Kansai Paint as part of the company’s larger plan to increase its global presence and solidify its position as a top producer of coatings and paints. With this acquisition, the business will be able to maintain its solid track record of providing cutting-edge solutions to its clients in the railway coatings sector.
In conclusion, the acquisition of the assets of Helios’ international railway coatings business by Kansai Paint represents a crucial turning point for the business. Kansai Paint will be able to offer its customers a greater selection of high-performance coatings for the railway industry as a result of this acquisition, increasing its market share in the railway coatings sector.