DuluxGroup confirms Jub acquisition plan

Ljubljana, 29 October - DuluxGroup, an Australian paints group owned by Nippon Paint of Japan, has confirmed entering into a binding agreement to acquire Jub, a large Slovenian paints company, in a deal worth EUR 194.5 million. It plans to turn Jub into a hub for Central and Eastern Europe, preserve its existing brands, and make it part of Nippon Paint's R&D community.