Sinochem News.
com Nippon Paint Co.
, Ltd.
announced on October 20 that it will acquire French decorative paint manufacturer Cromology through a subsidiary
.
Cromology is the fourth largest manufacturer of decorative coatings in Europe, with sales of 628 million euros in 2020
.
Nippon Paint will pay 1.
15 billion euros (approximately 1.
3 billion US dollars) and purchase all Cromology shares
.
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