17 March 2021 - Nippon Paint Holdings Co Ltd (NPHD) today announced that Nippon Paint (M) Sdn Bhd (NP Malaysia), a 100% subsidiary of NPHD, is acquiring majority stakes in Vital Technical Sdn Bhd (Vital Technical).
Vital Technical, established in 2002, is the No.1 player in Malaysian Sealants, Adhesives and Fillers (SAF) market. It is headquartered in Malaysia with four production facilities and has expanded its business to more than 70 countries worldwide, mainly in Southeast Asia.
In line with Nippon Paint’s expansion strategy into adjacent segments, this acquisition will see Nippon Paint’s growth as a market leader in the home and industrial improvement solutions industry. NPHD Group and Vital Technical will accelerate market growth and strengthen its financial position through mutual sales whilst expanding on product line-ups, including Selleys, a recent business integration by NP Malaysia.