Kansai Nerolac Paints has entered into Share Purchase Agreement (SPA) to acquire 100% equity stake in Perma Construction Aids for a total consideration of Rs 29.10 crore. The company is expanding its product portfolio in construction chemicals.
The acquisition of Perma Construction Aids will increase its product offerings in construction chemicals business. Perma is a brand known for the quality of its products. This acquisition will help the company strengthen its existing portfolio.
Kansai Nerolac Paints is amongst the leading paint companies in India. The company offers a range of products, including decorative, Automotive Coatings and Performance coatings.