Jinja firm Sadolin group, the largest paint manufacturing company in Uganda, with more than 50% market share will now take on the new brand name Kansai Plascon – of a Japanese company.
This follows a recent acquisition of Sadolin East Africa by Kansai Plascon who have been on an acquisition spree in developing markets shifting from Industrial paint into other sectors.
The Osaka-based company bought all stakes in Sadolin via a South African unit, a purchase estimated at more than $87.5 million (Shs314 billion).
Sadolin focuses on interior paint and mainly serves Uganda, Tanzania and Kenya. The business employs about 700 people, and annual sales reach an equivalent of around 10 billion yen.
Kansai Paint has cultivated a presence on the continent since its 2011 acquisition in South Africa. The Japanese company hopes the Sadolin deal strengthens its footing in East Africa.
