DFY Company issued an announcement, intending to invest 180 million yuan to subscribe for 90% of the equity of architectural decorative coating company DAW ASIA. Dongfang Yuhong's diversified layout has gone one step further and entered the field of architectural coatings, which is expected to start international expansion.
The company's current product system is centered on waterproofing for building materials expansion (currently there are tile adhesives, diatom mud and other mortar products), and it also provides professional waterproof and thermal insulation construction services and positioning system service providers.
The acquisition of DAW ASIA will further expand the company's diversified categories and formally enter the field of architectural decorative coatings. The company's previously deployed civilian building materials business will integrate its advantages with DAW ASIA in terms of products, channels, and brands, generating synergies and further Improve overall competitiveness.
DAW Group is the third largest manufacturer of architectural coatings in Europe, ranking first in the German local market. It currently operates in more than 40 countries and has 29 production bases. It will help the company to expand its international business in the future.