New strategic owner of Helios Group: Ecopolifix is growing its’ importance in the European coatings industry
After the constructive negotiation process Helios Group got a new strategic owner, one of the world’s top 10 paint manufacturers, Kansai Paint Group. Pursuant to the SPA that was signed on December 6, Kansai Paint will acquire 100% of shares in Helios Coatings Group. The transaction is expected to be complete in March 2017. Signed SPA presents a milestone for a new development of Helios Group’s companies as Helios will become the European center of Kansai Paint.
With the purchase of Helios Group, Kansai Paint intends to increase presence across the Europe and to consolidate the position as the premier coating company, also with Helios brands under its umbrella. Being under the wing of strategic owner Kansai Paint, presents various new opportunities to Helios. It will become the Kansai Paint’s European centre of innovation, R&D, production and distribution. Kansai will also support Helios to build a strong position in global procurement.
After the signing, David Kubala, one of the two CEO’s of Helios Group stated: “I am glad and proud to say that we have a new strategic shareholder Kansai Paint who is one of the top 10 companies in worlds coating industry.”
Hubert Culik the CEO of Helios Group at this point stressed: “Helios new strategic owner has a strong commitment to R&D and a long history of innovation in coating industry. Helios will now become a part of this efficient, wide-ranging research and development activities for new technologies and products adapted to market needs.”
From left to right: David Kubala, CEO of Helios Group, Hiroshi Ishino, President of Kansai Paint and Hubert Culik, CEO of Helios Group. // Photo: Srdjan Zivulovic/Bobo
After the SPA signing in Vienna, Mr. Hiroshi Ishino, the president of Kansai Paint along with two other representatives of Kansai, visited the headquarters of Helios Group in Slovenia, where they had the opportunity to address Slovene employees and journalists. Additionally they also met with the Minister of Economic Development and Technology Mr. Zdravko Počivalšek. Together with the Helios Group management board they discussed the future development opportunities of Helios in Slovenia and in Europe.
On his visit in Slovenia the president of Kansai Paint, Hiroshi Ishino stressed: “We are glad that we have found a company like Helios, with a compliant business philosophy and a great potential to become even more important in the European coating business. We want to develop Helios to be a strong European center of innovation, with the best knowledge and expertise in different segments of coatings”.
In Helios Group we believe that the top league in coating industry will bring us new drive and a development platform for the thing we all have in common – a passion for smart coatings.
Representatives of Helios Group and Kansai Paint together with the Slovene Minister of Economic Development and Technology Mr. Zdravko Počivalšek.
"Coming together is a beginning, staying together is progress, and working together is success" (Henry Ford). Teamwork was the central theme for us on the biggest Paint Expo (19.-22. April), which has ever been organized. As an international fair with 480 exhibitors from 27 countries, the Paint Expo in Karlsruhe is the most important and comprehensive platform for industrial coatings and paint technology in Europe.
The joint appearance of Ecopolifix, Rembrandtin Powder Coating, Helios TBLUS and Helios Srbija was a great success, moving the Helios Group in the light of the star-studded exhibition spectrum. For four days our sales managers joined forces to present their skills in the field of powder coatings and withstand the rush of more than 10.500 visitors, which has been thanked with consistant positive feedback.
We are looking forward to 2018!
Following constructive negotiations, a group of shareholders of Helios Domzale d.d. (“Helios”) and pledgees in Helios’ shares (together, the “Sellers”) and Ring International Holding coatings, agreed on the terms and conditions of a share purchase agreement (“SPA”) pursuant to which RIH is to acquire 73.12% of the shares in Helios.
Completion of the share transfer is still subject to certain conditions customary for this type of transaction, including merger control clearance. Once the share transfer contemplated by the SPA is completed, RIH will – in accordance with applicable Slovenian law – publish the takeover intention and subsequently a mandatory takeover offer to the remaining minority shareholders of Helios.
Link to the press release.
It’s getting colorful at Ecopolifix. The Italian producer of powder coatings, with two production sites in Riese and Tezze, has now expanded its range of products by as many as 160 smooth matt trend colors for outdoor application.
A fantastic choice of premium coatings specifically for architectural purposes. The Qualicoat approved polyester powder coatings also feature extremely good leveling and a very stable and homogeneous gloss level formation.
With its expanded color program, Ecopolifix offers a virtually unique variety available anytime at short notice.
The company Christ Lacke GmbH & Co KG has been renamed and, as of 1 July 2013, operates under the name of "Rembrandtin Oberösterreich GmbH & Co KG".
The change only concerns the name. Products, manufacturing, and the cooperation with the industrial coatings producer in Upper Austria will not change in any way. Hence, the tried and tested products will continue to be produced at the Linz-Ebelsberg production site in the usual quality and traded without any change under the name of Rembrandtin Oberösterreich.
On April 23rd, 2013 the traditional company Christ Lacke, based in Linz and known as worldwide model company with an excellent resource-saving management has been awarded with the Responsible Care Certificate.
This award confirms: The protection of people and the environment has top priority at Christ Lacke.
v.l.n.r. Dr. Dominique Schröder (Responsible Care-Expertin Fachverband Chemische Industrie Österreichs), Mag. Dietmar Jost (Geschäftsführer Christ Lacke), Wilhelm Michel (Geschäftsführer Christ Lacke), Mag. Sylvia Höfinger (Geschäftsführerin Fachverband Chemische Industrie Österreichs), KR Ing. Hubert Culik, MAS (Geschäftsführer Christ Lacke und Rembrandtin Lack, Präsident des OFI (Österr. Forschungsinstitut für Chemie und Technik), Vorsitzender der Berufsgruppe Lack- und Anstrichmittelindustrie im Fachverband der chemischen Industrie).