2014 Global coatings manufacturers merger and reorganization summary

1. Libang acquires Olong Paints of Dejialang Camel
Libang China announced that it will acquire the Olong Paint brand and product technology and channels covered by Dejialang Camel on January 15, 2014 in the form of an "asset acquisition". After the acquisition, Libang China will take over the operation of the Euro paint brand in the market. According to people familiar with the matter, Libang's purchase price for Eurolon is 150 million yuan. Zhong Zhonglin, President of Libang China, said: "Libang China will complete the asset acquisition plan for the Euro paint brand in the first quarter of 2014, which will integrate the advantages of product technology and sales channels and make sound adjustments, while maintaining the independence of the Olong paint brand in the market, and looks forward to meeting the needs of more consumers and industry insiders through the steady development of Libang and Euro paint brands." on
March 2014,
2.PPG completed the acquisition of Hi-Temp
, a supplier of high temperature-resistant
coatings
, and on March 13, PPG Industries announced that it had completed its acquisition of Hi-Temp Coatings Technology Co., Inc. Acquisition of most assets. Specific financial terms were not disclosed. Hi-Temp is understood to be a private company that supplies high temperature and insulation coatings and is headquartered in Boxborough, Massachusetts. The acquisition will be incorporated into coatings products that protect carbon steel and stainless steel substrates at extreme high temperatures, further enriching PPG's portfolio of industrial protection and
marine coatings
. Hi-Temp produces coatings that can be used in refineries, petrochemical plants, pulp and paper mills, and power plants.
may 2014
3. Kansi Coatings of Japan acquires Malaysia PLC
Kansim
Coatings Company of Japan
announced on May 15th that it has acquired PLC Manufacturing Institute, a coatings production and sales company located in the local state of Selangor, through a subsidiary of Malaysia, and plans to strengthen its coatings business in Asia with good prospects. Kansi Coatings has acquired 76% of the outstanding shares from PLC's existing shareholders, the amount of which has not been announced. PLC is mainly used in oil and gas-related equipment corrosion-resistant coatings, founded in 1995, fiscal year 2013 sales of about 300 million yen, net profit of about 40 million yen.
to June 2014
4. California Coatings' successful acquisition of Australia's ReboundAceSport
In June, California Products Corporation announced its successful acquisition of
Paints, Australia's number one sports venue,
-Spring Sports, which became the third brand in the California Product Group. This is another major acquisition of California Coatings in recent years, following the acquisition of PROGRESS Coatings in Kentucky, USA. Over the past 80 years or so, California Coatings has acquired a number of companies, including Carmote Coatings, Wibur-Williams High Performance Coatings, Ox-Line Coatings, and Grow Group's Colorize Coatings, which have not only greatly increased california coatings production capacity, but also expanded California's product range.
as of August 2014
5. Wu Denan Group's acquisition of Libang, Japan
In August 2014, Wu Denan Group, a well-known Asian paint manufacturer, increased its voting rights in Japan from 14.82% to 20.35% by buying shares in the market. At this point, Zhi tu officially became a subsidiary of Wu Denan Group, and also became a new member of Libang China's parent company, Time Group Asia. Wu Denan Group through the Time Group completed the holding of Japan's Libang, after the acquisition, Libang is likely to become the world's top 10 paint suppliers in 2015, and even is expected to enter the top five.
september 2014
6. AkzoNobel Builds a New High Performance Coatings Business Architecture
On September 1st, AkzoNobel announced that it will create a new organizational structure for the High Performance Coatings business area to achieve outstanding performance. The streamlined new organizational structure will reduce the global management level and is expected to become operational in January 2015. The adjusted high-performance coatings business area will consist of seven strategic market business groups, under the direct leadership of Management Committee member Conrad. The seven business groups will focus on customer areas and technologies in each segment, including: marine coatings, metal coatings,
powder coatings
, protective coatings, special coatings, automotive finishes and
wood coatings
.
as of October 2014
7. Feikai Materials Acquisition Huizhou Jiayu Coatings
Feikai Materials announced on the evening of October 30, the company recently signed a "equity acquisition letter of intent" with Jiayu Coatings Hong Kong Co., Ltd. on the acquisition of equity. The Company intends to acquire a 100% stake in Jiayu Coatings (Huizhou) Co., Ltd. held by Jiayu Hong Kong with its own funds. Jiayu Coatings (Huizhou) Co., Ltd. registered capital of 10 million Hong Kong dollars, the production and sale of paint,
paint
, Tianna water, solvents and other chemical products, products sold in domestic and foreign markets.
as of November 2014
8.PPG Industries completes its acquisition of Comex, Mexico
November 7th, PPG Industries announced that it has completed the
acquisition of Co
nsor Comeciox, A.A. de C.V., a mexican manufacturer of
architectural coatings, for a total value of $2.3 billion. Comex specializes in the production and sale of coatings and related products, which are sold in Mexico and throughout Central America. The company has about 3,700 stores, more than 700 of which are franchise stores. Comex also sells products to customers through regional retailers, wholesalers, and direct sales channels. The company currently has approximately 3,900 employees, eight production plants and six distribution centers, with sales of approximately $1 billion in 2013.
as of December 2014
9. Haihong Old Man's acquisition of Schaepman
Haihong Old Man of the Netherlands announced on December 22nd that it had acquired Schaepman's Lakfabrieken B.V., a Supplier of Industrial, Protective and Decorative Coatings in the Netherlands. The acquisition is part of Haihong's five-year development strategy, One Hempel-OneAmbition, which helps Haihong Senior achieve its goal of being it among the world's top 10 paint suppliers by the end of 2015.