Acquisitions · Coatings (automotive parts)
Kansai Paint to buy St. Louis coatings maker U.S. Paint for about ¥5.3 billion
- Buyer
- Kansai Paint (with Kansai Paint America) (Osaka)
- Target
- U.S. Paint Corp., St. Louis, Missouri
- Value
- About ¥5.3B
- Status
- Agreed on August 1, 2016; completion was planned for mid-August 2016.
- Date
- 2016-08-01
Kansai Paint agreed to buy U.S. Paint Corp., a St. Louis, Missouri, maker of coatings for automotive parts, together with its US subsidiary. The price was about ¥5.3 billion.
Why it matters
The deal adds a US production base for parts coatings, serving the auto supply chain where Kansai Paint's Japanese customers operate.
Sources
Kakehashi M&A News home
