News in Brief
RIH is major shareholder of Helios
The Helios group with headquarters in Domžale near Ljubljana, Slovenia, is one of the 15 largest coatings producers in Europe and, since 3 April 2014, has had a new majority shareholder: the Austrian Remho Beteiligungs GmbH, the parent company of the entire Coating Division of “Ring” International Holding AG (RIH). With this step, the young industrial group has succeeded in acquiring the first company from a long list of planned privatisations in Slovenia. After a sales process lasting two-and-a-half years, the closing of the deal saw 77.93 % of the shares in the Slovenian coatings giant transferred to the industrial group. The acquisition expands the RIH workforce to 3,600 staff, who generate sales of around €530 million. Every year, 24 sites produce around 100,000 tons of liquid and powder coatings as well as 140,000 tons of resins and almost 110,000 tons of decorative coatings, and they also process 30,000 tonnes of steel. This makes the group one...
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