# DIC acquires Chinese coating resins maker Guangdong TOD New Materials

DIC Corporation, through its subsidiary DIC (China) Co., Ltd., wholly acquired Guangdong TOD New Materials Co., Ltd., a Chinese coating resins manufacturer. The acquisition price was undisclosed.

- Type: Acquisition
- Announced: 2022-07-01
- Where: Guangdong Province, China, China
- Status: completed
- Products: coating resins, water-based resins
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [DIC Corporation](https://endata.com/companies/19672.md) (acquirer)
- [Guangdong TOD New Materials Co., Ltd.](https://endata.com/companies/63865.md) (target)
- [Guangdong TOD New Material Co.](https://endata.com/companies/64130.md) (target)

## Sources

- [dic-global.com](https://www.dic-global.com/en/news/2022/ir/20220630142523.html), 2022-07-01: "DIC decided to explore acquiring a local producer with a customer base in China as the most effective means to quickly expand its business in China."
- [coatingsworld.com](https://www.coatingsworld.com/breaking-news/dic-corporation-acquires-todnm-a-chinese-coating-resins-manufacturer/), 2022-07-13: "This acquisition supports ongoing DIC Corporation efforts to expand its Asian market coating resins capacity, focused particularly on China"

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