NP Auto Refinishes Co., Ltd., a subsidiary of NIPSEA Group, is the leading company in Thailand's automotive aftermarket paints and commercial vehicle (CV) coatings industry. We are pleased to announce the successful acquisition of D-Act Co., Ltd. With this acquisition, NP Auto Refinishes will expand its market share and reinforce its leadership position in the Thai automotive refinish and CV coatings market.
Established in 1995, D-Act Co., Ltd. is a well-known manufacturer of commercial vehicle, automotive refinishes, and specialised industrial coatings in Thailand. As a niche player, D-Act is widely recognised in the market and boasts a strong customer base.
"We recognise the value that D-Act brings to us in terms of its products, technology, manufacturing capabilities, as well as its extensive customer relationships and distribution strengths. We will collaborate closely with D-Act to realise significant synergies for Nippon Paint and further strengthen our presence in the Commercial Vehicles and Automotive Refinish paint market," stated Mr. Sharad Malhotra, Senior Vice President, Nippon Paint Group Auto Refinishes.
Following the acquisition, D-Act will retain its brands and continue to focus on its core business. It will also play a vital role in helping Nippon Paint enhance its production capacity and fortify its value chain, ultimately delivering heightened customer satisfaction.
Speaking on this occasion, Mr. Noppadol Srisinroongruang, General Manager of NP Auto Refinishes, Thailand, expressed his excitement about expanding their business in the Thai auto aftermarket and commercial vehicles sector. He emphasised D-Act's rich legacy in the Thai CV paint market and their commitment to nurturing and developing its value proposition with the support of Nippon Paint's technology, brand strength, and infrastructure. He added that this acquisition opens up numerous possibilities for the combined entity.
About NIPSEA Group (Subsidiary of Nippon Paint Holdings Co.)
NIPSEA Group is a global leader, providing innovative solutions in the paint and coatings industry. Headquartered in Singapore, with 134 NIPSEA companies spread throughout 22 geographical locations, the group is Asia Pacific’s No. 1 paint and coatings manufacturer in both production and sales revenue. After more than 60 years of growth, NIPSEA Group has over 27,000 employees with 102 manufacturing facilities and operations, efficiently serving all aspects of the business, from production to customer satisfaction.
With a focus on maximizing value to our customers, we push boundaries to deliver high quality solutions that work better for all our partners, tradesmen, and homeowners. The NIPSEA Group’s arsenal of solutions for the industry covers Architectural, Industrial, Automotive and Marine Coatings, as well as a range of products beyond the world of paint and coatings. We have an unyielding drive to focus on customers, providing innovation that works best for all our stakeholders.