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Asian Paints Ltd.
BSE: 500820 | NSE: ASIANPAINT
Large Cap | Paints
2756.90
-58.45 (-2.08%) Asian Paints in distribution tie-up with Henkel Adhesive Technologies for Loctite
Date: 31-03-2016Asian Paints has entered into the retail segment of the adhesives category through a distribution arrangement with Germany’s Henkel Adhesive Technologies. Under the arrangement, Henkel’s adhesive brand Loctite will be sold at the retail level through a co-branding initiative. Currently, the company is selling Loctite in certain markets in western India. The company has a distribution network spanning 36,000 hardware shops.
Asian Paints is India’s largest paint company and Asia’s third largest paint company. The company along with its subsidiaries has operations in 20 countries across the world, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans.