YEAR ESTABLISHED: 1924
REVENUE: $447 million
Decorative coatings; Car refinishes; Metal coatings
David Kubala and Hubert Culik CEO, Helios Group and member of board of directors; Peter Venturini, member of the board of directors, responsible for R&D, Purchase and Resins and Patrick Lichtblau, member of the board of directors, responsible for Production, IT and SCM.
Helios Group is the leading manufacturer of coatings in South Eastern Europe with approximately 3,000 employees and 21 production facilities. Kansai Paint has acquired all shares of Helios Group. Under the strategic owner Kansai, Helios will represent a strong European center of innovation, know-how and business development, and will further grow its importance in European coating industry.
With the acquisition of Helios Group, Kansai Paint accelerates its growth strategy to become one of top paint producers in the world. Helios Group is a coating manufacturer with strength in different types of coatings and mainly operates in Central, Eastern and Western Europe and CIS countries. Both companies aim to expedite business growth by boosting sales further and creating synergies through the utilization of both groups’ technologies, know-how, products and sales networks.
David Kubala, one of the two CEOs of Helios Group stated: “Helios already has the sales network in European markets, with its numerous trusted brand names. We hold a strong position in industrial, car refinish and decorative coating segments. Our portfolio is similar and in some cases complementary to Kansai Paint’s. Kansai has a strong commitment to R&D and innovations and Helios obtains efficient production, strong R&D department with well-skilled people and advanced equipment. For all these reasons amongst others, Helios is the right company for Kansai to expand and develop business in Europe.”