# Beijing New Building Materials announces acquisition of 78.34% stake in Carpoly Chemical Group

Beijing New Building Materials (BNBM) announced the acquisition of a 78.34% stake in Carpoly Chemical Group, a leading Chinese paint company, in a landmark deal for the coatings industry.

- Type: Acquisition
- Announced: 2023-12-29
- Where: China
- Value: $570.0M (4.07B CNY)
- Status: announced
- Products: paints, coatings
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Beijing New Building Materials](https://endata.com/companies/44119.md) (acquirer)
- [Carpoly Chemical Group](https://endata.com/companies/72326.md) (target)

## Sources

- [hsbcqh.com.cn](https://www.hsbcqh.com.cn/zh-cn/company-news/company-news-20231229), 2023-12-29: "本次标志性的交易是中国涂料行业的一个里程碑事件，为近五年来中国涂料行业最大规模的并购交易。"
- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/1048058.html), 2023-12-29: "通过本次交易，嘉宝莉将成为公司的控股子公司，公司涂料业务产能将由目前的10.3万吨跃升至130万吨以上"
- [echemi.com](https://www.echemi.com/cms/1604406.html), 2024-01-10: "The acquisition is expected to increase the company's production capacity by more than tenfold."

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