Cromology Joins DuluxGroup Limited (DGL)

Cromology Joins DuluxGroup Limited (DGL) The sale of Cromology, a leading decorative paints and coatings company in Australia and New Zealand owned by Nippon Paint Group (NPG), to DuluxGroup Limited (DGL) has been officially completed. DuluxGroup has a growing presence in Europe and is responsible for Nippon Paint Group's ambitious growth plans in decorative paints across Europe and other Western markets. DuluxGroup has no relationship or connection with the owner of the DULUX brand in Europe and other parts of the world. DGL plans to invest in Cromology's future growth and sees excellent opportunities to further expand its market-leading positions. Richard Stuckes, DGL International Chief Operating Officer, said they acquired Cromology with a strong growth outlook. "We are in the business of acquiring, retaining and investing in market-leading businesses with strong track records. Cromology is first-class. It has deep European market knowledge and experience, leading premium brands among renowned names, excellent production facilities, broad distribution across key geographies, strong research and development credentials and, most importantly, a highly capable management team with many more opportunities for growth," he said, and added "For us, this is about acquiring a substantial European platform as the foundation for continued growth. With DGL's broader product range and technology, as well as retail DIY channel expertise, we see opportunities in neighbouring geographies and related product markets. The Cromology leadership team has done tremendous work building this enterprise and we are genuinely excited about Cromology's potential from here as part of DGL, backed by the scale and resources of the world's fourth-largest company at NPG," he said. Cromology President Pierre Pouletty said: "I am truly proud of everything we have achieved for Cromology. It has been a privilege to lead this outstanding company and with the support of DGL and NPG, we look forward to its advancement from here." Source