Kansai Plascon Africa Limited, a subsidiary of Japan based Kansai Paint Co, has concluded its agreement to purchase the Sadolin Paints operations in Uganda and other East African countries.
On behalf of Kansai Plascon East Africa, its MD Wim Bramer said the acquisition signals Kansai Plascon’s commitment to global expansion.
“East Africa is one of the fastest growing regions on the continent, with a rapidly emerging middle class, increased spending power, growing urbanisation therefore, this is a good time to launch into a market that will need our wide range of products to enhance their lifestyles while also increasing our global footprint,” he said.
Bramer also assured all employees of Sadolin that their acquisition will not affect them. He maintained that the acquisition will see no changes in top management and any other positions at Sadolin.
Chris Nugent who has been retained as Managing Director said the acquisition will see even better and more efficient output by the paint company which will benefit from new and improved technologies from Kansai Paint.
“We are thrilled at this acquisition. Through it, we will be able to tap into Kansai’s strong brand heritage, global technical capability, and trusted performance, providing us new capabilities, access to technology and knowhow which is very key in continuing to drive growth for this brand.”
He further added, “All our local dealerships, stores and shops will remain open to serve you at the same great price you have enjoyed over the years. Over the next few months, as we complete the transition, we shall subject to our contractual commitments, phase out the Sadolin brand from the shelves and encourage our customers to ask for Plascon.”
Kansai Plascon Africa Limited is a subsidiary of Japan based Kansai Paint Co. It has major operations in Japan, China, Asia, the Middle East, Europe and Africa.
Established in Uganda in 1963, Sadolin Paints had grown into the country’s largest paint manufacturer, boastkng greater than 50% of the market share. It manufactures all its product line locally.