Haihong Laoren acquires Omani paint company Khimji Paints LLC

Huizheng News: Haihong Laoren, a world-renowned coatings supplier, has acquired the coatings division of Omani group company Khimji Ramdas to expand its business in Oman and further establish the company's market leadership position.

Following an exclusive conversation, Rainbow Elder completed the acquisition of Khimji Paints LLC on February 10, 2022. This is the first acquisition of Haihong Elderly in the field of decorative paint in the Middle East, which will help Haihong Elderly's strategy of doubling by 2025. The Double Impact strategy will be achieved through acquisitions and organic growth, as well as ambitious investments in sustainability, innovation and digitalization.

Khimji Paintts is Oman's leading paint and coatings brand with a strong distribution network of more than 50 owned and independent retailers. Khimji Paint is based on high quality, real value and excellent customer service, which is fully in line with the purpose and values of Haihong Elderly.

"This acquisition marks an important milestone in Haihong Elderly's global growth journey, and we will now better meet the needs of our customers with a wealth of products and services." Joe Devitt, executive vice president of Haihong Elderly Decorative Paint, said.

"With this acquisition, I am very pleased to welcome more than 70 new employees and a production site from the entire Khimji team to join the Haihong Elderly family, which will help us increase our production capacity in the region and give Haihong Elderly a greater foothold in the Omani market." Joe Devitt introduced.

Haihong Elderly is at the forefront of innovation and quality. The addition of Khimji will help Haihong Elderly become a leading manufacturer of decorative paints and help us to promote the award-winning solutions to a wider range of markets."

Hritik Khimji, Head of Khimji Ramdas, said: "We are delighted that Rainbow Elder is in a strong position to provide a better value proposition to Khimji Paints' loyal customers and we wish them all the best. ”