Sundive Holdings completed the acquisition of a 39% stake in the German paint maker

China Coatings Network
: Greater Japan
Coatings
Holdings Co., Ltd., formerly Japan Coatings Co., Ltd., announced on April 10 that it had completed the acquisition of German paint maker Bollig and Kemper CMBH and CO. A 39% stake in KG ("B-K").
reporter learned that in order to consolidate and develop its global
Automotive Coatings
business, YSA Holdings, through its subsidiary Libang Coatings (Europe) Co., Ltd., signed an equity agreement with B.K. on October 30, 2013. The company described the acquisition as "a global process to expand the automotive coatings business". The way the acquisition was made and the amount of the acquisition was not disclosed in the news.On July
, Tu Holdings and B.K. jointly established an automotive coatings sales company in Shanghai, China, and Libang Coatings opened its first business cooperation with B.K. to establish Keberibang Automotive Coatings (Shanghai) Co., Ltd., which is affiliated with Libang Group, with the aim of expanding the sales channels of automotive coatings, mainly targeting Chinese legal persons of European automobile manufacturers.
it is understood that during the operation of Kebery State, Libang car painting business fruitful results. Whether in the market development, sales growth or technological innovation have made outstanding achievements, one after another to achieve Wuhan Shenlong, Brilliance BMW, Beijing Mercedes-Benz, Changan Peugeot Citroen and other well-known European car customers, successfully based on China's European car market, and annual sales of rapid growth to achieve the goal.
Tu Holdings said that Libang for many years based on the Asian market's good image and excellent quality, as well as the german well-known automotive coatings manufacturers in Europe accumulated top technology and strong strength, to jointly develop China's European car coatings market.
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Tu Holdings said that in the future, it and B.K. will play a multiplication effect in technology development, production and business system, and increase the development of European automotive manufacturers in China and Europe to achieve the future growth of the automotive coatings industry with global influence.
founded in 1919 and headquartered in Cologne, Germany, with factories in Cologne and on the outskirts of Paris, France.