Page 126 - CW E-Magazine (8-7-2025)

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CONSOLIDATION

JSW Paints to buy 74% stake in Akzo Nobel India

for around Rs. 9,000-crore

JSW Paints Ltd. said it agreed to ac- we are proud of the brand and talent that
quire up to 74.76% stake in Akzo Nobel have made it a success. With JSW, we are
India Ltd. (ANIL) from Akzo Nobel N.V. confi dent the business is in the hands of a
and its affi liates, for a maximum consi long-term partner with deep local exper-
deration under the Share Purchase tise and strong ambitions in the sector.”
Agreement of up to Rs. 8,986-crore.
Parth Jindal, Managing Director,
ANIL, a leading decorative and in- JSW Paints, said, “Paints & coatings is
dustrial paints player, is part of Akzo one of India’s fastest growing sectors and
Nobel, the Dutch decorative paints and JSW Paints is amongst the fastest grow-
industrial coatings giant. ings business and International Research ing paint companies. Akzo Nobel India
Centre, both currently part of ANIL, will is home to some of the most globally
Akzo Nobel N.V. said the transaction be retained by AkzoNobel under full renowned brands of paints & coatings
is based on a total enterprise value of ownership. like Dulux, International and Sikkens.
approximately €1.4-bn, representing an Together, along with the Akzo Nobel
EV/EBITDA multiple of 22x, and includes Greg Poux-Guillaume, CEO of India family – employees, customers and
AkzoNobel’s liquid paints and coatings AkzoNobel, said, “AkzoNobel India has partners – we aspire to build the paint
business in India. The India Powder Coat- been a consistently strong performer, and company of the future”.
BROADENING PORTFOLIO
Vipul Organics diversifi es into membrane manufacturing

Vipul Organics, a Mumbai-based son of Vipul Shah –
pigments and dyes maker, is venturing will build a separate
into membrane manufacturing. facility at the green-
fi eld site in Saykha.
“Membranes represent a natural pro- “This will be an inde-
gression of our commitment to future- pendent unit focused
ready, sustainable solutions,” informed entirely on membrane
Vipul Shah, Managing Director of the development & pro-
company. “This move builds on our core duction and will have
strengths in speciality chemicals and our advanced R&D, engi-
experience with zero-liquid discharge neering, and manu-
technologies. As industries shift toward access, resource recovery, and environ- facturing functions. This facility will
circularity and lower water footprints, mental compliance, membranes become produce membrane solutions tailored for
we see membrane technology as a key essential in enabling effi cient, reliable, and both Indian and international markets,”
enabler and a vital part of our vision for scalable solutions, Vipul Organics stated. the company said in a press note.
responsible growth,” he added.
Vipul Organics operates two manufac- “By entering the membrane segment,
Membrane technology is central to turing facilities in Maharashtra (Palghar Vipul Organics is creating a platform that
modern industrial operations and is widely and Ambernath), besides a greenfi eld complements its core strengths while
used in water and wastewater treatment, facility coming up in Sayakha in Gujarat. opening a new trajectory for growth. It is
food and beverage processing, pharma- a calculated move aimed at derisking the
ceuticals, and industrial fi ltration. With The membrane manufacturing venture – business and broadening the technology
the growing global focus on clean water to be led by Dr. Vatsal Shah, the younger base,” it added.

126 Chemical Weekly July 8, 2025

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