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Nippon Paint Holdings Co., Ltd. (日本ペイントホールディングス株式会社, Nippon Peinto Hōrudingusu Kabushiki-gaisha) is a Japanese paint and paint products manufacturing company. [4] It is the world's fourth largest paint manufacturer, as measured by revenue in 2020.
By the 1990s, the Australian paint market was dominated by Wattyl, Taubmans and Dulux. [ 10 ] Until 1997, Dulux Australia was a key player in the ICI Paints World Group, after which ICI informed ICI Australia of its intention to sell its 62% share in the company as part of raising the capital needed for acquisition of part of Unilever .
Wuthelam Holdings, which has interests in the paint business and property development, was founded in 1974 as a real estate concern. [1] In 2020, his son Goh Hup Jin helped conclude a deal which enabled Wuthelam Holdings to formally take control of Nippon Paint. [4] The merger added approximately $3.8bn to his overall net worth. [6]
Goh Hup Jin (traditional Chinese: 吳學人; born 1952/1953) is a Singaporean businessman, and the chairman of Nippon Paint since March 2018. Early life
Nippon Paint Holdings Co. attempted to buy the company in November 2017, but the deal failed to reach an agreement. [18] In July 2021, Axalta acquired U-POL, a Northamptonshire based manufacturer and distributor of fillers, coatings and aerosols, [19] from Graphite Capital. [20]
In 1986 focusses to paint and specialty products with the purchase of Beatrice's Chemicals Division and Glidden Paint. [17] In 1993 ICI demerged its bioscience business, splitting into two the publicly listed companies: ICI and Zeneca. The latter would later go onto merge with Astra AB, forming the current pharmaceutical company, AstraZeneca. [18]
PPG expanded quickly. By 1900, known as the "Glass Trust", it included 10 plants, had a 65 percent share of the U.S. plate glass market, and had become the nation's second largest producer of paint. [4] Today, known as PPG Industries, the company is a multibillion-dollar, Fortune 500 corporation with 150 manufacturing locations around the world.
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