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05-Apr2018

Kansai Nerolac Paints to acquire entire stake in Marpol for Rs 36 crore

Kansai Nerolac Paints has entered into Share Purchase Agreements (SPAs) to acquire 100% equity stake in Marpol for an aggregate consideration of Rs 36 crore before adjustments due to legal and financial due diligence.

Marpol is a pioneer in powder coating business and its brand is very reputed. It manufactures products such as epoxy polyester, pure polyester, pure epoxy and polyurethane powder.

Kansai Nerolac Paints is amongst the leading paint companies in India. The company offers a range of products, including decorative, Automotive Coatings and Performance coatings.



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