Asia’s leading paint and coatings company Nippon Paint, announced the 100 per cent acquisition of VIBGYOR Paints and Chemicals, Pondicherry. A major supplier of paints and coatings in South India. Through the strategic acquisition, Nippon Paint will gain a strong foothold in the growing industrial coatings portfolio, especially focusing on Indian Railways. After the acquisition of VIBGYOR Paints and Chemicals, Pondicherry which has established its reputation and expertise in supplying high-quality paints to Indian Railways, will become a division of Nippon Paint India. Thus, leveraging its resources and reach to further its growth and market leadership. As part of the acquisition, the key members of the VIBGYOR team will join Nippon Paint as employees, ensuring a seamless transition and the retention of valuable industry expertise within the Nippon Paint India family. Commenting on the acquisition, Sharad Malhotra, Director and President (Automotive Refinishes), Nippon Paint India, said: “The acquisition of VIBGYOR Paints and Chemicals marks a step forward in our India growth strategy. It is besides, helping us gain a strong foothold in the Indian Railways. This acquisition also enables us to expand the country’s commercial vehicles and industrial paints business. We welcome the VIBGYOR team to the Nippon Paint family!’’.
