Deals
Nippon Paint Shopping for Big Acquisitions, Including in Europe
- President says company aiming to expand in U.S., Europe
- Comments come weeks after bid for Axalta failed to win deal
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Nippon Paint Holdings Co. is shopping for large acquisitions, including in Europe, to expand outside Japan amid a global consolidation among the biggest coatings makers.
“While our expansion is centered on China and other Asian countries in line with our mid-term plan, we also aim to expand through M&A in Europe and the United States,” Nippon Paint President Tetsushi Tadoh said, according to Yukiko Mochida, a spokeswoman for the company. Tadoh’s comments were published earlier Tuesday in the Nikkei newspaper.