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The MIPA Group has recently acquired Süddeutsches Lackwerkzelle (Süd Paints), further expanding the company's customer base and product portfolio in the industrial coatings sect.
Since 1922, SÜD Paint has been focusing on high temperature coatings and functional coatings, especially the "Wetterwart" brand outside the classic industrial coating systems, and has established long-term supply relationships with customers in the region as well as EU and overseas custome.
The MIPA Group, headquartered in Eisenbach, Germany, is a fast-growing medium-sized company producing a wide range of varnishes and pain.
It is reported that MIPA Group has taken over the business of Nande Paint on JulyIn the future, Süd Paint's products will be produced at MIPA Group's factori.
For the MIPA Group, the acquisition of the Süd Paints business means a further expansion of the customer base and product portfolio in the industrial coatings sect.
Thomas di Filippo, managing director of Süd Paints, believes the sale was the right decisi.
China and foreign coatings network found that in 2022, the pace of mergers and acquisitions among major coating companies around the world will further accelera.
Wang Dawei, a senior observer of the coatings industry, believes that the coatings industry is in a critical period of faster transformation and innovation and upgradi.