Based in the Black Country at Rowley Regis, near Birmingham, UK, Thomas Howse was established in 1903 and manufactures a diverse range of decorative, industrial and specialist coatings.
It has a developing specialism in products that are 100 percent solvent-free.
Thomas Howse will retain its own identity and historical link as part of the group’s investment arm, UK Coatings Group Ltd.
“This is a bullseye acquisition for us," Group Vice Chairman and Managing Director Abubaker Sheibani said. "As a multinational group of companies with impeccable credentials across the world, we hope it signals a huge vote of confidence in the sector and the wider UK.
“Our pedigree of investment and expansion in the UK stretches back many decades, and this represents our biggest single venture to date," Sheibani continued. "It forms a natural progression in our ongoing strategy to strengthen our UK presence further by harnessing new technology, investing in people, and developing specialisms wherever we can."