The hottest situation rises again. Review the merg

2022-09-19
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The wind and cloud rise again? Take stock of the mergers and acquisitions of the top ten coating enterprises in 2016

is the situation resurgent? An inventory of the top ten mergers and acquisitions of coating enterprises in 2016

January 5, 2017

[China coating information]

in 2016, under the heavy pressure of various environmental protection policies, the cooling of the real estate market and the economic downturn, many coating enterprises began to seek a way out in the future. Among them, compared with other methods, mergers and acquisitions can achieve rapid enterprise expansion although there are many uncertainties. Since the acquisition of China Resources Coatings by Valspar in 2006, mergers and acquisitions among coating enterprises have become a common occurrence, especially in recent years. Mergers and acquisitions of coating enterprises have become the development trend of China's coating industry. Time flies, and it's a new year in the twinkling of an eye. What earth shattering acquisition cases will there be this year? Of course, I don't know the answer to this question, but if you ask me about the acquisitions of the top ten coating enterprises in 2016. I can give you a detailed explanation

Xuanwei acquired Valspar with us $9.3 billion to become the world's largest paint manufacturer

Xuanwei, the largest paint retailer in the United States, agreed to acquire its competitor Valspar with about US $9.3 billion in cash (US dollars) to become the world's largest paint manufacturer. Xuanwei said in its release that it and Valspar have highly complementary coating and paint product lines, and their combination will enhance Xuanwei's global coating business. The completion of the transaction will also accelerate Xuanwei's growth strategy, including expanding its market share in the Asia Pacific region, Europe, the Middle East and Africa, and improving its production capacity in the field of packaging and coiled materials. Xuan Wei and Valspar expressed the hope that the transaction could be completed by the end of the first quarter of 2017

reasons for selection: this acquisition can be called the "shoulder" of the acquisition in the coating industry, and may not be surpassed in the next few years. The world coating pattern will be rewritten in 2017, and it can be predicted that the competition between the coating markets will be more intense in the future

ChuanHua made its first overseas acquisition of 110million euros to acquire Dutch specialty chemicals company

ChuanHua shares announced on the evening of August 18 that it plans to acquire Dutch specialty chemicals manufacturer tpcholdingb for no more than 110million euros V company (hereinafter referred to as "Tona chemical") has 100% equity, and the final purchase price is subject to the signing of a formal equity purchase agreement. This is the first attempt of overseas M & A of ChuanHua shares. ChuanHua said that by acquiring the equity of Tona chemical, the company will have an international strategic business unit with a global layout. The chemical business will cover customers in major regions around the world, including the Asia Pacific region, the Americas, Europe, the Middle East and Africa, and provide customers with efficient supply chain services through production bases in China, Thailand and the Netherlands, which can not only greatly improve the global sales distribution, It can also expand the product line and strengthen the technological research and development capacity of functional chemicals

reasons for selection: as China's economy enters the new normal, Chinese manufacturing enterprises have also accelerated the pace of "going global". In 2016, Chinese enterprises' overseas mergers and acquisitions activities were frequent, among which private enterprises performed prominently. The acquisition of Dutch specialty chemicals by ChuanHua provides a good example for Chinese coating enterprises to "go global"

AkzoNobel completed the acquisition of BASF's industrial coating business with 475million euros

on December 15, AkzoNobel and BASF simultaneously announced that AkzoNobel had completed the acquisition of BASF's global industrial coating business, which provides support for construction, home appliances, furniture, wind energy, commercial transportation and other industries. The acquisition will strengthen AkzoNobel's leading position as the world's largest steel coil coating supplier. The amount of this acquisition is 475million euros, while the sales of BASF industrial coatings business in 2015 was nearly 300million euros. In the next two years, BASF will transfer part of its production to the production base near AkzoNobel, which will strengthen the coordination between the two sides and improve production efficiency. The acquisition business is expected to be fully profitable by the end of 2018, which is consistent with the financial objectives of the high-performance coating business announced by AkzoNobel

reasons for selection: after the completion of this transaction, AkzoNobel will take over the global coil steel, furniture foil and panel coating, wind turbine coating, general industrial coating business and commercial transportation business in Europe, the Middle East and Africa acquired from BASF. AkzoNobel will be able to provide a full range of coating products and services for the maintenance of wind turbines and provide necessary protection for wind turbines around the world

Dongfang Yuhong spent 180million to acquire 90% of the equity of dawse subsidiary of Daw se, a building coating company in Germany

recently, Dongfang Yuhong signed a cooperation agreement with Daw se, one of the three largest building coating companies in Europe, and Dongfang Yuhong spent 180million to acquire 90% of the equity of Daw Asia, a subsidiary of Daw se. The signing of this agreement marks that Dongfang Yuhong will officially enter the competition queue in the field of Chinese coatings. After the transaction is concluded, the operating company will focus on the manufacturing and sales of (solvent based and water-based) architectural decorative coatings (including high-end thermal insulation materials, but excluding functional waterproof coatings, mortars, and diatom mud)

reasons for selection: this foreign investment is a major step in the internationalization strategy of Dongfang Yuhong. It aims to speed up the internationalization strategic layout of Dongfang Yuhong, build a transnational marketing network, integrate technology with the world and lead innovation, and realize the combination of strong brands, so as to further enhance the comprehensive competitiveness of the company

Kansai Paint acquired Helios paint business, a well-known European paint manufacturer, with 70billion yen

Kansai Paint of Japan announced that it would invest 70billion yen to acquire the full equity of Luxembourg based annagab company from ring international holding group and other shareholders, In order to realize the acquisition of assets, Zeng Anze, the Greater China business director and senior consultant of dope DuPont sustainable solutions Department of Helios group in Slovenia, believes that the transaction is expected to be completed in March 2017, when annagab will become a wholly-owned subsidiary of Kansai coating company. According to the introduction of Kansai coating, the company has taken globalization as the primary task of accelerating development in the future. In addition to successfully expanding the market in the Middle East, Africa and other places, Kansai coating has been actively promoting the establishment of a new market, namely the European market. Through this merger, Kansai coating is expected to achieve growth expectations, achieve synergy in raw material procurement and enhance competitiveness

reasons for selection: in the Kansai coating globalization development plan, the acquisition of Helios coating business, a well-known European coating manufacturer, is its cornerstone. Helios will become a base for Kansai coatings to expand its business in the European market and the Russian market in the future, and give play to its regional advantages in research and development, production and manufacturing

BASF completed the acquisition of Guangdong Yinfan chemical and established a new paint company

September 26 - BASF recently completed the asset acquisition of Guangdong Yinfan Chemical Co., Ltd. (hereinafter referred to as "Yinfan"), and established a new legal entity in Jiangmen City, Guangdong Province - "BASF paint (Guangdong) Co., Ltd." to take over and further expand the automotive touch up paint business of the former Yinfan company. After the acquisition, the product line of the former Yinfan will be included in the successful international brand series including BASF parrot, R-M, baslac and Norbin, so as to expand BASF paint's automotive touch up paint product portfolio in the Asia Pacific region

reasons for selection: as the world's largest automobile market, it is one of the top 10 hot science and technology markets since the 1990s. China has sold more than 20million vehicles for four consecutive years since 2013. The sustained rise in vehicle sales has also prospered the automotive touch up paint market. BASF's acquisition expanded the automotive touch up paint market in China and strengthened its presence in China

On November 1, PPG, the world's leading paint manufacturer, announced that it had reached an agreement with the emerging Europe access Fund (EEAF) to acquire the Romanian paint manufacturer deutek under EEAF. After obtaining the approval of the relevant regulatory authorities and reaching the acquisition conditions, PPG plans to complete the acquisition in the first quarter of 2017. In addition, the company did not disclose more relevant financial terms. Through this acquisition, PPG can bring the operating procedures and functional characteristics of this Romanian well-known coating brand simple beam impact testing machine under its command, making up for the company's shortcomings in architectural coatings

reasons for selection: it's best to describe this acquisition as "learning from each other's strong points to make up for their weak points". PPG has always been unfavourable in the industrial coating market, while it is slightly weak in the architectural coating market. In addition, after the acquisition of Valspar by Xuanwei, it will become the world's largest coating manufacturer. PPG's position as the world's largest coating company is not guaranteed, and PPG still needs a long way to go to regain its throne. This acquisition can only be regarded as an important step

Ashtar acquires dura coat products, a coil coating manufacturer.

Ashtar coating system recently announced that it has reached a final agreement to acquire dura coat products. According to the agreement, ACE is expected to complete the acquisition of the main equity of dura coat products in the third quarter of this year. Subject to the approval of regulatory authorities and other industry regulations, the transaction did not disclose relevant financial matters. Charlie shaver, President and CEO of Ashtar, said that this cooperation is of milestone significance for the development of both companies. Aishide very much agrees with dura coat's advanced technology, company values and customer first operation philosophy. Through this cooperation, aishide can integrate the business philosophy of both sides, better provide customers with more solutions, constantly innovate and base itself on the market

reasons for selection: according to the data of the "forecast and analysis report on the development prospects of China's coil coating industry" released by the forward looking Industry Research Institute, the annual compound growth rate of the global coil coating application in the construction industry is more than 6.7%, and the annual compound growth rate of the global coil coating application in the home appliance manufacturing field is more than 6%. It is expected that the annual compound growth rate of the global coil coating industry will exceed 6% during the year. Therefore, the coil coating market has great prospects in the future

Chongqing Three Gorges a invested 3 billion to acquire Ningxia Ziguang cross border feed additive industry

Chongqing Three Gorges paint Co., Ltd. (Chongqing Three Gorges a) announced on December 21 that the company held the 10th (second of the 8th) board of directors in the conference room of the company on the 17th floor of Longxin international office building, Jiulongpo District, Chongqing on December 19, 2016 in the form of an on-site meeting, At this meeting, shareholders voted to purchase 100% equity of Ningxia Ziguang held by Chongqing Ziguang New Material Co., Ltd. (hereinafter referred to as Chongqing Ziguang) by issuing shares. After negotiation between the two parties, the transaction price is 3060461400 yuan, and the number of shares to be issued to Chongqing Ziguang in this transaction is 340051266 shares

Chongqing Sanxia a said that before this transaction, the company's main business was the manufacturing and sales of paint and coatings and the trade of chemical products; After this transaction, the main business of the company will be changed to the manufacture of paint and coating, with two-level limit protection of program control and machinery Sales and trade of chemical products and R & D, production and sales of methionine products

reasons for selection: according to the third quarterly report, the operating revenue of Chongqing Three Gorges a in the first three quarters of this year was about 2.046 billion yuan, an increase of 454.26% year-on-year. However, during the same period, the corresponding realization of

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