DOMZALE, Slovenia – The Slovenian news organization MMC RTV SLO is reporting that Japanese coatings manufacturer Kansai Paint has made a deal to purchase Slovenia-based Helios. Helios’ current owners, Ring International Holding, Franklin Templeton and GSO, made a deal with the Japanese paint manufacturer to buy a 100% stake in the company.
According to the news report, the sale should be completed in two to three months, subject to regulatory approvals. Kansai plans to make Helios a center of the company’s European operations.