Market Dynamics

Nippon Paint to acquire Opel

Time: 2014-01-14 Source from: Globaltimes.cn

Paint manufactures Nippon Paint China recently announced their acquisition of Opel brand from DGL Camel. The purchase, slated for January 15 next year, includes the Opel Brand, its patents and distribution network.

 
Opel Paint's wood coating products, which have enjoyed a time honored reputation for quality, have held a leading position in the Shanghai market. The company's product line is sold in over 400 cities throughout China.
 
"By the first quarter of 2014, Opel will be fully integrated with our Nippon Paint China operations and will bring our customers a larger range of high-quality products," said Eric Chung, President of Nippon Paint China at the signing ceremony. "Meanwhile, the Opel Brand will maintain its independence in the market place, and we intend to meet and satisfy the various needs of consumers and those within the coating industry," he added.
 
Nippon Paint provides a wide range of high-quality products and services to its consumers, and hopes to continue its innovation in the marketplace in order to provide a better customer experience.
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