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Tuesday, July 23, 2024

Report: Paint maker Jub taken over by Australian company Dulux

By: P.T., STA

Unofficial media reports said Slovenia’s oldest paint manufacturer Jub is to be taken over by Dulux Australia in a deal worth around EUR 191 million.

The deal is to be completed today, with the new owners pledging to keep Jub’s headquarters and production in Slovenia, the newspaper Finance said. DuluxGroup, an Australian company owned by Japanese Nippon Paint which manufactures and sells paint of the Dulux brand, has reportedly offered EUR 5,500 per share to complete the takeover of Jub.

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