We operate through two companies in the paints segment. Our investment in the paints sector is based on the desire to unlock the potential of this market. We see this as being driven by the increase in urbanisation, for the decorative paints sub-sector, and industrialization, for the industrial paints and coating sub-sector.
CAP is the sole technology licensee and distributor for AkzoNobel decorative range in Nigeria. The company produces decorative paint and sells through dedicated franchised retail outlets, which it pioneered. It is a leading player in the premium paint segment. CAP is a public company listed on The NSE.
Portland Paints is a distributor for Hempel’s industrial products in Nigeria. It also manufactures and markets decorative and industrial paints under its own brand Sandtex. In 2013, UAC acquired Portland Paints to establish market presence in the industrial segment. Portland Paints is a public company listed on The NSE.