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China Coatings Network
News: Recently, Libang Paints (Japan
Coatings
Co., Ltd.) announced that it has completed the acquisition of another 12 shares in the German paint manufacturer Bollig and Kemper GMBH (B-K), and thus completed a 51% stake in the company.
In order to consolidate and develop its global
Automotive Coatings
business, Libang Paint, through its subsidiary Japan Coatings (Europe) Co., Ltd., formally signed an agreement on October 30, 2013 to acquire a 39% stake in the German automotive coatings manufacturer B.K., a crucial step in the expansion of Libang Paint's international business.
Since the establishment of a joint venture in the sale of automotive coatings in Shanghai, China, in July 2008, Libang Paint has opened its first business cooperation with B.K., with Libang's good image and excellent quality based on the Asian market over the years, as well as the top technology and strength accumulated by B.K. as a well-known German automotive coatings manufacturer in Europe, to jointly develop the European car coatings market in China.
the acquisition of a stake in B.K. in 2013, the two sides achieved win-win results in technology and markets, with growing business in China and Europe for European automakers.
to continue to expand its automotive coatings business around the world after the company's decision to take control of the company.