Paint and coatings firm Nippon Paint has today fully acquired VIBGYOR Paints and Chemicals Pondicherry, to grow its industrial coatings portfolio, especially focused on the Indian Railways.
Financial terms were not disclosed in the release.
Sharad Malhotra, Director and President (Automotive Refinishes), Nippon Paint India, said: “The acquisition of VIBGYOR Paints and Chemicals marks a step forward in our India growth strategy. Besides helping us gain a strong foothold in the Indian Railways, this acquisition also enables us to expand our commercial vehicles and industrial paints business in the country.”
VIBGYOR Paints and Chemicals Pondicherry supplies paints to the Indian Railways and its associated coach, wagon, and allied manufacturing companies.