# AICA Asia Pacific acquires 51% stake in ADB Sealant

AICA Asia Pacific Holding Pte. Ltd. (AAPH) signed an agreement to purchase a 51% stake in ADB Sealant Co., Ltd. (ADBS), a subsidiary of Applied DB Public Company Limited. The acquisition increases ADBS's registered capital to 645.09 million baht.

- Type: Acquisition
- Announced: 2024-09-23
- Where: Thailand
- Status: announced
- Products: industrial adhesives, sealants
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [AICA Kogyo Co.](https://endata.com/companies/41491.md) (partner)
- [AICA Asia Pacific Holding Pte. Ltd.](https://endata.com/companies/80028.md) (acquirer)
- [ADB Sealant Co., Ltd.](https://endata.com/companies/80029.md) (target)
- [Applied DB Public Company Limited](https://endata.com/companies/80030.md) (partner)

## Sources

- [adb.co.th](https://www.adb.co.th/en/adb-wins-new-multinational-partner-aaph-ready-to-enter-the-adhesive-business-in-asean/), 2024-09-24: "ADB or Applied DB Public Company Limited stated that AICA ASIA PACIFIC HOLDING PTE. LTD. (AAPH) signed an agreement to purchase additional shares of ADB Sealant Co.,Ltd (ADBS), a subsidiary that holds 99.99 shares. % by Applied DB Public Company Limited (ADB) in the proportion of 51 percent."
- [adb.co.th](http://www.adb.co.th/en/aica-asia-pacific-acquires-51-stake-in-adb-sealant-co-ltd-industrial-adhesives-leader-expands-influence/), 2024-09-24: "AICA Asia Pacific Holding Pte. Ltd. (AAPH) has recently inked an exciting share purchase agreement, capturing a 51% stake in ADB Sealant Co., Ltd. (ADBS), a prominent subsidiary of Applied DB Public Company Limited (ADB)."

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