Home News Industry News Asian Paints ​acquires Kadisco Chemical​ Plc

    Asian Paints ​acquires Kadisco Chemical​ Plc

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    Asian Paints ​acquires Kadisco Chemical​ Plc
    Asian Paints ​acquires Kadisco Chemical​ Plc

    Domestic paint major Asian Paints Ltd is evaluating opportunities to increase its presence in the international markets. The company’s wholly-owned subsidiary in Mauritius, Asian Paints (International) Limited (APIL), had in April signed an agreement with shareholders of Kadisco Chemical Industry PLC., Ethiopia, to acquire either directly or through its subsidiaries 51 per cent of its share capital.

    The company is awaiting regulatory approvals for closure of this acquisition. Kadisco is a major paints player in the Ethiopian market and is involved in the manufacturing and selling of paints, other coatings and adhesives in Ethiopia.

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