KANSAI HELIOS has completed its acquisition of CWS Lackfabrik GmbH (“CWS”). The deal was first announced at the end of November 2022. The transaction is a milestone for KANSAI HELIOS and in line with the ESG and growth strategy of the company and a perfect complement and extension of company competences, in powder coatings and synthetic resins as well as the existing liquid coating business, which strengthens KANSAI HELIOS system supplier strategy.
With the closing KANSAI HELIOS becomes the new owner of CWS Lackfabrik GmbH (“CWS”) and its group companies in Germany, USA, Denmark and Poland. CWS is a well-known powder coatings and liquid as well as solid synthetic resins producer, with more than 150 years of tradition and its headquarters in Düren (Germany) with around 250 employees. The company is in its best shape, in terms of revenue, profit, development potential and market shares.
This consolidation represents a long-term development opportunity for KANSAI HELIOS to increase the market position in the coatings industry especially in the field of powder coatings, as well as synthetic resins.
Source: KANSAI HELIOS
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