Japanese entity in lucrative East Africa investment

Paint cans are drained and processed for recycling at the Combat Center’s Hazardous Material Management Branch. The branch boasts about wasting little or nothing they get their hands on, as well as saving upwards of $1 million of tax payer money.

Paint cans are drained and processed for recycling at the Combat Center’s Hazardous Material Management Branch. The branch boasts about wasting little or nothing they get their hands on, as well as saving upwards of $1 million of tax payer money.

By TINTSWALO BALOYI
JOHANNESBURG, (CAJ News) – IN what has been announced as the biggest acquisition in Africa to date, Kansai Plascon Africa Limited (KPAL) has acquired Paints’ operations in East Africa.
The operations are in Burundi, Kenya, Tanzania, Uganda and Zanzibar.
The completion of the transaction is subject to regulatory approvals and other customary conditions. As part of the transaction, the parties have also agreed to separately investigate the acquisition of Sadolin Paints’ operations in Rwanda.
Kansai Plascon Africa, headquartered in South Africa, is a subsidiary of Japan’s Kansai Paint, a company with major operations globally.
Sadolin Paints is the undisputed market leader in the East African paint industry with a history dating back to 1959.
Sadolin Paints is the largest paint manufacturing group in East Africa and the only one with a footprint comprising presence in Kenya, Uganda, Tanzania, Zanzibar, Burundi and Rwanda,w ith exports to several neighbouring countries including South Sudan, DRC, Ethiopia, Djibouti and Somalia.
Farid Masood, Farid Masood, KPAL CEO said, “We are extremely excited about the acquisition of Sadolin! Our 2020 vision is now being translated into reality as we evolve from a Southern African focused company to becoming a Pan African company, embracing the challenges and diversity of the continent.”
The acquisition of Sadolin Paints is part of Kansai Paint’s global expansion strategy.
CAJ News

Short URL: http://cajnewsafrica.com/?p=18074

Posted by on Feb 9 2017. Filed under Africa & World, Featured, Finance, Investing, National, Regional. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Poll

Who do you want to lead South Africa ?

Connect to CAJ News on Facebook

Subscribe to our Newsletter

Photo Gallery

Log in
All material © CAJ News Africa. Material may not be published or reproduced in any form without prior written permission.