20 April 2016
ABOUT BASF’s Coatings division
DETAILS
BASF has signed an agreement to acquire the assets of
Guangdong Yinfan Chemistry Co., Ltd. (“Yinfan”)
in China.
With this acquisition, BASF will establish
a stronger coatings production footprint by gaining access
to a state-of-the-art automotive refinish coatings plant
in China.
It will also enable BASF to broaden
its automotive refinish portfolio in Asia Pacific
by adding the Yinfan line of products
to its successful global brands including
Glasurit®, R-M®, baslac® and Norbin®.
Markus Kamieth,
President of BASF’s Coatings division
“The acquisition underlines our strong commitment
to growing our automotive coatings business
and further investing in emerging markets,”
“With this acquisition, we will broaden our portfolio
and gain access to a strong distribution network,
which will strengthen our position
in the fast-growing Chinese automotive aftermarket.”
Contact BASF
- Marko Jelicic
- +49 621 60 41040
- Send Mail
- Jörg Zumkley
- +49 2501 14-3453
- Send Mail
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