DuluxGroup confirms Jub acquisition plan

Ljubljana – DuluxGroup, an Australian paints group owned by Nippon Paint of Japan, has confirmed entering into a binding agreement to acquire Jub, a large Slovenian paints company, in a deal worth EUR 194.5 million. It plans to turn Jub into a hub for Central and Eastern Europe, preserve its existing brands, and make it part of Nippon Paint’s R&D community. “Under the auspices of DuluxGroup, Jub will enjoy autonomy and independent growth, while at the came time leveraging the advantages of access to a global market, technologies, capabilities and…

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