# Huafon Chemical to acquire Huafon Synthetic Resin and Huafon Thermoplastic for 6.85 billion yuan

Huafon Chemical announced plans to acquire 100% of Huafon Synthetic Resin and Huafon Thermoplastic from Huafon Group and others for a total of 6.85 billion yuan, in a share-and-cash deal to integrate polyurethane industry chain.

- Type: Acquisition
- Announced: 2026-09-02
- Where: China
- Value: $940.0M (6.85B CNY)
- Status: announced
- Products: polyurethane resin, thermoplastic polyurethane elastomer
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Huafon Group](https://endata.com/companies/35674.md) (partner)
- [Huafon Chemical](https://endata.com/companies/78630.md) (acquirer)
- [Zhejiang Huafon Thermoplastic Polyurethane Co., Ltd.](https://endata.com/companies/80731.md) (target)
- [Huafon Synthetic Resin](https://endata.com/companies/80827.md) (target)
- [Huafon Thermoplastic](https://endata.com/companies/80828.md) (target)
- [Zhejiang Huafon Synthetic Resin](https://endata.com/companies/93788.md) (target)

## Sources

- [stock.10jqka.com.cn](https://stock.10jqka.com.cn/20260902/c679540362.shtml), 2026-09-02: "本次交易属于同一控制下的聚氨酯行业并购，华峰化学与华峰合成树脂、华峰热塑同属于聚氨酯产业链"
- [echemi.com](https://www.echemi.com/cms/3218644.html), 2026-09-02: "The acquisition therefore adds adjacent downstream material categories rather than taking the company into an unrelated business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.