Kansai Helios acquires Weilburger Coatings
On February 9, 2024, Kansai Helios signed a share purchase agreement with Grebe Holding in Weilburg, Germany to acquire its entire industrial coatings business (“Weiburger Coatings”).
Weilburger Coatings consists of 100% of Weilburger Coatings GmbH in Weilburg, Germany and 100% of Weilburger Asia Limited in Hong Kong, China, which, after fulfillment of closing conditions, become a part of Kansai Helios. The Weilburger Graphics Business is not part of this acquisition.
This consolidation represents astep to further strengthen the companies’ market positions in various industrial coatings segments and expand their geographical footprint internationally.
Frank Gläser, CEO of Grebe Holding, comments on the acquisition: „The future affiliation to the Kansai Helios Group is a perfect strategic fit for the Weilburger companies. We are excited and confident that we have made the right decision for our continued sustainable success. Joining forces with a large group of companies will accelerate our growth objectives and provide even greater value to our customers.“
Bastian Krauss, Executive Vice President and Executive Director of the Kansai Helios Group, states: “The acquisition of Weilburger Coatings brings with it extensive know-how, expanded production capacity and a team of experts, further strengthening our position as an industry leader. In addition, the integration gives us access to an expanded network of distribution channels and opens up new ways of reaching customers.
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