BANGKOK, THAILAND Nov 1, 2023, NP Auto Refinishes Co., Ltd., (Subsidiary of NIPSEA Group) the leading automotive aftermarket paints & commercial vehicle (CV) coatings company in Thailand announced the successful acquisition of D-Act Co., Ltd. With this acquisition, NP Auto Refinishes will increase its market share and strengthen its leadership position in the Thai automotive refinish and CV coatings market.
D-Act Co,Ltd. was established in 1995 and is a well-known manufacturer of Commercial Vehicle, Automotive Refinishes and specialized industrial coatings in Thailand. As a niche player, D-Act is well recognised in the market and has a strong customer base.
“We believe in the value that D-Act brings to us in terms of its products, technology, manufacturing capabilities as well their broad customer relationships and distribution strengths. We will work towards realising the significant synergies for Nippon Paint together with D-Act, and further strengthen our presence in Commercial Vehicles and Automotive Refinish paint market,” said Mr. Sharad Malhotra, Sr. Vice President, Nippon Paint Group Auto Refinishes.
Following the acquisition, D-Act will retain its brands and continue to focus on its core business while helping Nippon Paint boost its capability to serve the market better by enhancing its production capacity and strengthen its value chain to deliver enhanced customer satisfaction.
Speaking on the occasion, Mr. Noppadol Srisinroongruang, General Manager NP Auto Refinishes, Thailand said that “we are excited to expand our business in the Thai auto aftermarket and commercial vehicles sector. D-Act has a rich legacy in the Thai CV paint market, and we will continue to nurture and develop its value proposition with the help of Nippon Paint’s technology, brand strength and infrastructure. This acquisition will unlock a lot of possibilities for the combined entity.”
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