English German Group Successes & milestones Holdings Contact Impressum Jobs & careers 2016: RIH sells Helios Group for EUR 572 million to Kansai Paint, Japan The share purchase agreement was signed on December 6, 2016. After a constructive negotiation process, the Helios Group now has a new strategic 100% owner. The transaction, which was finalized in March 2017, is one of the largest in Austria last year. With this milestone, a new development platform is created for all companies in the Helios Group. The group will be the European headquarters for research, innovation and product development of Kansai Paint, one of the ten largest paint manufacturers in the world. This success story was made possible by the sustainable restructuring under the leadership of RIH. In 2014, RIH significantly expanded its existing portfolio of coatings companies with the acquisition of the Slovenian company Helios. As a result of the merger with the lacquer activities of RIH, which had been in existence since 2006, the unit around the Austrian Rembrandtin grew from EUR 100 million to EUR 450 million in sales, making it the ninth largest lacquer producer in Europe. As a result of RIH's long-term strategy aimed at sustainable value creation, the unit's financial position has improved substantially. Sometimes this made the coating division attractive for the Japanese global corporation and chosen as its entry point into the European market. Signing the sales contract Return Ring International Holding AG Alserbachstrasse 14-16 | Liechtenstein Palace | 1090 Vienna | Austria office@ringholding.com | +43/1/532 28 01-0