Kansai Nerolac Paints has completed the formalities for acquisition of the equity stake and has acquired the 100% equity share holding of Marpol. Earlier, the company had entered into Share Purchase Agreements (SPAs) to acquire 100% equity stake in Marpol for an aggregate consideration of Rs 36 crore.
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.
