The deal is subject to regulatory approvals. This acquisition is expected to mark a significant role for JSW Paints. Also, this is the youngest entity in the JSW Group portfolio.
The acquisition of ANIL, known for its iconic brands such as Dulux, International and Sikkens, is expected to elevate JSW Paints to a prominent position in the market. This acquisition comes at a time when India’s paints and coatings industry is undergoing a rapid expansion, driven by infrastructure growth and rising consumer demand.
Parth Jindal, Managing Director of JSW Paints, said, “paints and coatings are among the fastest growing sectors, and we are thrilled to welcome the Akzo Nobel India team into the JSW family. With the magic of Dulux and the thoughtfulness of JSW Paints, we aim to co-create a future-ready paint company that not only delights customers but builds enduring value for all stakeholders.”
AkzoNobel CEO Greg Poux-Guillaume claimed: “This transaction is a significant milestone in the execution of our strategy. Akzo Nobel India has been a consistently strong performer, and we’re confident that JSW is the right long-term partner to carry forward its legacy.”
