Nippon Paint eyeing big acquisitions, including in Europe, US

Tokyo

NIPPON Paint Holdings is shopping for large acquisitions, including in Europe, to expand outside Japan amid a global consolidation among the biggest coatings makers.

"While our expansion is centred on China and other Asian countries in line with our mid-term plan, we also aim to expand through M&A in Europe and the United States," Nippon Paint president Tetsushi Tadoh said, according to Yukiko Mochida, a spokeswoman for the company. Mr Tadoh's comments were published earlier Tuesday in the Nikkei newspaper.