Kusto Group and Yerkin Tatishev acquire Barpimo Coatings

Yerkin Tatishev, founder and chairman of Kusto Group, continues to strengthen his company’s international presence with the acquisition of Barpimo Coatings, a family-owned leader in the Spanish paint and coatings industry. Based in the Rioja region, Barpimo Coatings brings over 60 years of experience and expertise to Kusto Group’s growing building-materials portfolio. This strategic move aligns with Kusto Group’s long-term vision to provide innovative and sustainable building solutions across global markets.

“The acquisition of Barpimo expands our portfolio and reinforces our commitment to innovation and growth. We appreciate the quality of Barpimo’s products, its broad product line, its advanced manufacturing capabilities and the professionalism of its team,” Yerkin Tatishev said.

Barpimo Coating’s journey, from a small local operation to one of Spain’s most respected coatings manufacturers, is rooted in generational leadership and a deep commitment to quality. Founded by Juan Ros Montesinos, the company has remained in the direction of the Montesinos family for decades.

“We are proud of the path we have traveled as a family business. The decision to join Kusto Group was taken with full confidence – it is the best way to secure the future, sustainability and growth of the company,” Juan Ros Montesinos stated.

Kusto Group’s expanding presence in building materials

The addition of Barpimo Coatings marks another milestone in Kusto Group’s strategic growth in the building-materials sector. Over the past decade, Kusto Group—under Yerkin Tatishev’s leadership—has steadily acquired high-performing companies across Europe and the Middle East, forming a powerful network of manufacturers, innovators, and market leaders.

The journey began in 2014 when Kusto acquired Tambour, Israel’s largest and most historic paint producer. This move laid the foundation for Kusto Group’s position in coatings and construction materials. The portfolio was further strengthened with the acquisition of Zetagi in Italy (2018), and the strategic buyout of Geves Gesher in 2019. More recently, investments in Cyprus-based Latouros Gypsum (2023) and Italian coatings company Verinlegno (2024) highlighted the Group’s determination to build a comprehensive and innovative construction materials platform.

With Barpimo Coatings now part of the Kusto family, the group enhances its foothold in Western Europe, particularly in Spain, a key market for sustainable construction solutions.

Barpimo Coatings: Heritage meets innovation

Barpimo is known for its commitment to innovation and environmental responsibility. Over the years, the company has developed a wide array of high-performance products—from industrial varnishes to decorative coatings—serving both domestic and international markets. Barpimo’s advanced manufacturing capabilities, combined with its emphasis on sustainability, perfectly align with Kusto Group’s broader vision of future-oriented, responsible growth.

What makes Barpimo stand out is its ability to balance heritage with modernization. Operating from the heart of Rioja, it has managed to preserve its values as a family business while adapting to global industry standards. Kusto Group’s acquisition ensures Barpimo will continue on this path—remaining true to its identity while leveraging new resources and opportunities.

Yerkin Tatishev has repeatedly emphasized that Kusto Group seeks more than just profitable companies. “We are looking for businesses that align with our values—innovation, integrity, and long-term vision,” he stated. Barpimo Coatings, with its reputation for excellence and strong leadership, represents precisely this kind of partnership.

The vision of Yerkin Tatishev and the future of Kusto Group

Yerkin Tatishev, a Kazakh entrepreneur with a global outlook, founded Kusto Group with a vision to create long-term value across sectors. Under his leadership, the group has grown into a multinational holding with investments in real estate, energy, agriculture, and construction materials. However, it’s the building-materials division that has shown particular dynamism in recent years, as the company focuses on sustainable infrastructure and innovation.

Tatishev is known not only for his business acumen but also for his commitment to purpose-driven leadership. “We believe in creating value not just for shareholders, but for communities, employees, and the environment,” he has often said. The acquisition of Barpimo Coatings is consistent with this philosophy, representing an investment in people and potential—not just profit.

The integration of Barpimo Coatings into the Kusto Group will take place gradually, with an emphasis on preserving the company’s culture and maintaining relationships with customers and partners. This careful approach has become a hallmark of how Kusto Group operates—growth through synergy, not disruption.

Building a global platform for construction solutions

With Barpimo Coatings now onboard, Kusto Group is even better positioned to offer a full range of innovative construction and building solutions across Europe, the Middle East, and beyond. From coatings to gypsum, and from paints to insulation systems, the company’s offerings span the core materials essential for modern, energy-efficient construction.

Each acquisition made by Kusto Group under Yerkin Tatishev has strengthened this global platform. What sets the company apart is not just its geographic reach, but its unified vision. Whether it’s a historic brand in Israel or a family-run business in Spain, each enterprise is empowered to continue its legacy while benefiting from shared knowledge, investment, and a global network.