# Zhejiang Huayuan and Deqing United to acquire 60% stake in Toda United from Toda Kogyo

Zhejiang Huayuan Pigment Co., Ltd. and Deqing United Pigment Co., Ltd agreed to acquire a 60% stake in Toda United Industrial (Zhejiang) Co., Ltd. from Toda Kogyo Corp. The transaction is expected to close on December 28, 2022.

- Type: Acquisition
- Announced: 2022-11-28
- Where: China
- Status: announced
- Products: pigments
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Toda Kogyo Corp.](https://endata.com/companies/33377.md) (target)
- [Zhejiang Huayuan Pigment Co., Ltd.](https://endata.com/companies/66901.md) (acquirer)
- [Deqing United Pigment Co., Ltd.](https://endata.com/companies/66902.md) (acquirer)
- [Toda United Industrial (Zhejiang) Co., Ltd.](https://endata.com/companies/66903.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/TODA-KOGYO-CORP-6493500/news/Zhejiang-Huayuan-Pigment-Co-Ltd-and-Deqing-United-Pigment-Co-Ltd-entered-into-an-agreement-to-a-42464546/), 2022-11-28: "Zhejiang Huayuan Pigment Co., Ltd. and Deqing United Pigment Co., Ltd entered into an agreement to acquire 60% stake in Toda United Industrial (Zhejiang) Co., Ltd. from Toda Kogyo Corp."

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