The acquisition will allow KANSAI HELIOS to expand its presence in the European powder coatings market.
KANSAI HELIOS has recently announced it has signed a share purchase agreement to acquire CWS Lackfabrik GmbH, a manufacturer of powder coatings and liquid and solid synthetic resins headquartered in Düren (Germany). After the fulfilment of closing conditions, it will become the new owner of CWS and its subsidiaries in Germany, U.S.A, Denmark and Poland.
KANSAI HELIOS develops, manufactures and distributes industrial coatings solutions, chemicals for bleaching and cleaning, materials for sticking and sealing, high-quality resins, architectural paints and refinishing coatings. With this agreement, the company is significantly expanding its strategic position in the powder coating segment, gaining additional know-how and distribution channels, as well as an increased production and storage capacity that will further strengthen its presence in Europe.
“This acquisition is a milestone in line with the ESG and growth strategy of KANSAI HELIOS. With CWS we have found a perfect complement and extension of our own competences, in powder coatings and synthetic resins as well as the existing liquid coating business, which strengthens our system supplier strategy, because we not only share the same philosophy, but also the same values. I am convinced that this step will lead us from good to great,” has stated Bastian Krauss, the executive director of the KANSAI HELIOS Group.
Founded in 1864, CWS is a family-owned company with around 250 employees specialised in the development, production and marketing of technically sophisticated and customised powder coatings, with a turnover of around €100 million and a production volume of approx. 18,000 tons of powder coatings.
“CWS has developed into a strong and stable company that has become known far beyond the borders of Germany. Yes, we are on a successful course and the company is in its best shape, in terms of revenue, profit, development potential and market shares,” has added Hans-Helmuth Schmidt, the CEO of CWS Lackfabrik GmbH. “But we are still a medium-sized company without the advantages of a large corporate group in a market environment that is becoming more and more challenging for small and medium-sized companies. The sale of my company is a great opportunity for the long-term development, for CWS and also for KANSAI HELIOS.”