# Yip's Chemical to buy coatings assets from DuluxGroup for $16.5M

Yip's Chemical Holdings agreed to acquire multiple brands in the coatings industry from Australia's DuluxGroup for more than 107 million yuan ($16.5 million).

- Type: Acquisition
- Announced: 2018-01-03
- Value: $16.5M (107.0M CNY)
- Status: announced
- Products: coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Yip's Chemical Holdings](https://endata.com/companies/29131.md) (acquirer)
- [DuluxGroup](https://endata.com/companies/29132.md) (target)

## Sources

- [asia.nikkei.com](https://asia.nikkei.com/business/markets/nikkei-markets/yip-s-chemical-to-buy-coatings-assets-from-australia-s-duluxgroup), 2018-01-03: "Yip's Chemical Holdings said it agreed to acquire multiple brands in the coatings industry from Australia's DuluxGroup for more than 107 million yuan ($16.5 million)."

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