Kansai Nerolac Paints acquired 55 % stake in RAK Paints Bangladesh

Mumbai – CFI India is pleased to announce that they acted as financial advisor when Kansai Nerolac Paints acquired RAK Paints Bangladesh.

Kansai Nerolac Paints Limited manufactures and sells paints in India. It offers decorative, automotive, auto refinish, and general industrial paints; and wood, coil, floor, performance, and powder coating products, as well as metal enamel and ancillary paints. The company was formerly known as Goodlass Nerolac Paints Limited and changed its name to Kansai Nerolac Paints Limited in April 2006. The company was founded in 1920 and is based in Mumbai, India. Kansai Nerolac Paints Limited is a subsidiary of Kansai Paint Co., Ltd.

RAK Paints Limited produces solvent and water based paints. The company was founded in 2009 and is based in Dhaka, Bangladesh.

The transaction closed on 19 June 2018.