SHAH ALAM, Malaysia, Feb 24 (Bernama-PRNewswire) — Malaysia’s No. 1 total coating solutions provider, Nippon Paint Malaysia Sdn. Bhd. (Nippon Paint), officially announced its 100% acquisition of CMI Construction Material Industry Sdn. Bhd. (CMI) and an 85% stake in CMI Marketing Sdn. Bhd. (CMIM).
This acquisition is aligned to Nippon Paint’s global strategy of expanding into adjacent businesses, thus further strengthening Nippon Paint’s positioning as a Total Coating and Construction Solutions (TCCS) provider whilst pushing the boundaries to innovate and offer compatible solutions from bare concrete surfaces to the finishing, through a comprehensive range of innovative solutions from coatings to sealants, adhesives, fillers, waterproofing, flooring and dry-mix.