JK Cement’s wholly owned subsidiary -- JK Paints and Coatings has entered into a share purchase agreement with Acro Paints and its shareholders to acquire 60% controlling stake in the company. Acro Paints is a leading manufacturer in Northern India, of Architectural and High-performance paints and coatings. This acquisition is a step towards fast-tracking JK Cement's entry into the paints business, expanding its product offerings and potentially foray into new markets.
The acquisition of Auo Paints brings strong manufacturing capabilities and comprehensive product formulations, which will scale up to meet the business plan objectives for JK Paints & Coatings over the next few years.
JK Cement is one of the largest cement manufacturers in north India. It is also second largest producer of white cement in India. The company exports white cement to countries like South Africa, Nigeria, Singapore, Bahrain, Bangladesh, Sri Lanka, Tanzania, UAE and Nepal.
