Kansai Paint Acquires Full Ownership of Polisan Kansai Boya

Japan-based Kansai Paint, which has held a 50 percent equity stake in Polisan Kansai Boya since 2016, has acquired the remaining 50 percent stake for 93 million USD. With the completion of the transaction, Polisan Kansai Boya has become a 100 percent subsidiary of the Kansai Paint Group. In the new period, the company's production capacity in Türkiye is aimed to be combined with Kansai Paint's global technology and know-how to support growth in the EMEA region.

Polisan Kansai Boya, which has been operating in Türkiye since 1985, will continue its activities as a fully integrated member of the Kansai Paint Group. Japan-based Kansai Paint, which acquired a 50 percent equity stake in Polisan Kansai Boya in 2016, became the sole owner of the company by acquiring the remaining shares.

Through the acquisition, completed for 93 million USD, Kansai Paint is positioning Türkiye as an important market with long-term growth potential and as a strategic hub connecting the EMEA region. With this step, the company aims to accelerate decision-making processes, strengthen its financial structure, and increase its growth potential.

Polisan's production capacity combines with Kansai Paint's global technology

In the new period, Polisan Kansai Boya is aimed to continue its existing approach to service for its customers and business partners. The company will continue its operations by preserving its trusted products, quality service approach, and long-standing collaborations.

The company, which will combine the capacity of its production facility in Kocaeli Dilovası with Kansai Paint's global technologies and know-how, plans to develop its innovation capacity and product portfolio. In this direction, strengthening the company's position in the Turkish market and growth in export markets in the EMEA region are targeted.

Among Polisan Kansai Boya's priorities are high-quality products, sustainable solutions, and improving customer experience.

The ONE KANSAI approach will guide the new period

In the Kansai Paint Group's new period strategy, the "ONE KANSAI" approach, which expresses growing together within a unified global structure, stands out.

Kansai Paint, founded in 1918, keeps the understanding of contributing to social and economic development of its founder IWAI Katsujiro among its core values. The group's vision of "Bringing Happiness to People Through Paints" and its core value of "Profitability and Justice" will continue to guide its activities in the new period as well.

Polisan Kansai Boya, for its part, will carry its brand heritage of more than 40 years, entrepreneurial spirit, customer-focused approach, and corporate culture into this structure. Kansai Paint aims to preserve the company's existing strengths while carrying them further forward.

"We will carry Polisan's strengths even further forward"

Kansai Paint Group President MORI Kunishi stated that the acquisition marks the beginning of a new era, drawing attention to the Polisan brand's deep-rooted history and customer-focused approach.

Emphasizing the importance of Polisan Kansai Boya's quality management system and production competence, MORI Kunishi made the following assessment:

"Today marks the beginning of an exciting new era. We believe that the Polisan brand's deep-rooted heritage, entrepreneurial spirit, and customer-focused approach are extremely valuable. We will not only preserve these strengths but will carry them even further forward as we shape our future together."

About Polisan Kansai Boya

Polisan Kansai Boya operates in the decorative paint market with more than 250 Polisan-branded product varieties and more than 5,000 points of sale. The company produces innovative and high-performance products in categories such as construction, industrial, marine, and furniture.

Holding ISO 9001, ISO 10002, ISO 14001, ISO 27001, ISO 45001, ISO 14064 and ISO 50001 certifications, the company also serves the sector with water-based tinting systems. Through Mix Center tinting machines positioned at approximately 3,800 points of sale, a wide range of color options is offered to consumers while contributing to dealers' stock and space efficiency.

Producing at its LEED Gold certified factory established on a 142,000 square-meter area in the Gebze Chemical Specialized Organized Industrial Zone, the company's theoretical production capacity can reach up to 540,000 tons in three shifts.

Polisan Kansai Boya, which has been operating with Kansai Paint's 50 percent partnership since 2016, became a 100 percent subsidiary of the Kansai Paint Group with the share transfer completed in October 2026.

About Kansai Paint Group

Kansai Paint, founded in 1918, has been operating in the field of paint and coating technologies for more than 100 years. The company defines its 2030 vision as "Bringing Happiness to People Through Paints." In this direction, it aims to offer high-quality paint and coating solutions that contribute to people and society worldwide, and to add value to the lives of all stakeholders within the group.