Nippon Paint India announces acquisition of VIBGYOR Paints and Chemicals
- Aims to strengthen its Railway Coatings Portfolio
Nippon Paint, the leading paint and coatings company in Asia today announced the 100% 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 this acquisition, VIBGYOR Paints and Chemicals Pondicherry, with its established reputation and expertise in supplying high-quality paints to Indian Railways, will become a division of Nippon Paint India, 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. Besides helping us gain a strong foothold in the Indian Railways, this acquisition also enables us to expand our commercial vehicles and industrial paints business in the country. We welcome the VIBGYOR team to the Nippon Paint family!’’
VIBGYOR Paints and Chemicals Pondicherry, is a growing and significant player in the Indian paint market. The company has a robust track record of supplying paints to Indian Railways and its associated coach, wagon, and allied manufacturing companies. It is reputed for its excellent products and customer service. Vibgyor’s manufacturing unit is strategically located in Ranipet, Tamil Nadu and has sufficient production capacity to meet the growing industrial demand. Vibgyor also boasts of making several innovative products that enhance the aesthetic and functional performance of paints for its customers. By becoming a division of Nippon Paint India, Vibgyor will gain access to Nippon Paint’s technology, supply chain and marketing capabilities which can further consolidate its position as a leading paint brand in India.
About NIPSEA Group (Subsidiary of Nippon Paint Holdings Co.)
NIPSEA Group is a global leader, providing innovative solutions in the paint and coatings industry. Headquartered in Singapore, with 134 NIPSEA companies spread throughout 22 geographical locations, the group is Asia Pacific’s No. 1 paint and coatings manufacturer in both production and sales revenue. After more than 60 years of growth, NIPSEA Group has over 27,000 employees with 102 manufacturing facilities and operations, efficiently serving all aspects of the business, from production to customer satisfaction.
With a focus on maximizing value to our customers, we push boundaries to deliver high quality solutions that work better for all our partners, tradesmen, and homeowners. The NIPSEA Group’s arsenal of solutions for the industry covers Architectural, Industrial, Automotive and Marine Coatings, as well as a range of products beyond the world of paint and coatings. We have an unyielding drive to focus on customers, providing innovation that works best for all our stakeholders.
Nippon Paint – We are Inspired by You.
More information about NIPSEA Group https://nipsea.group/
About VIBGYOR Paints and Chemicals Pondicherry
VIBGYOR Paints and Chemicals Pondicherry is a leading supplier of industrial coatings in India. Established in 1986, the company specializes in manufacturing Alkyd, Epoxy & Polyurethane Based Paints for various industrial applications. VIBGYOR is a respected supplier to Indian Railways and holds an excellent reputation for quality and service.
