# Huafon Chemical agrees to acquire Zhejiang Huafon Thermoplastic Polyurethane from Huafon Group

Huafon Chemical Co., Ltd. agreed to acquire Zhejiang Huafon Thermoplastic Polyurethane Co., Ltd. from Huafon Group Co., Ltd. for a total consideration of CNY 6 billion (including another acquisition).

- Type: Acquisition
- Announced: 2024-10-28
- Where: China
- Value: $840.0M (6.00B CNY)
- Status: announced
- Products: thermoplastic polyurethane
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Huafon Group](https://endata.com/companies/35674.md) (partner)
- [Huafon Chemical](https://endata.com/companies/78630.md) (acquirer)
- [Zhejiang Huafon Thermoplastic Polyurethane Co., Ltd.](https://endata.com/companies/80731.md) (target)
- [Huafon Synthetic Resin](https://endata.com/companies/80827.md) (target)
- [Huafon Thermoplastic](https://endata.com/companies/80828.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/HUAFON-CHEMICAL-CO-LTD-6499017/news/Huafon-Chemical-Co-Ltd-agreed-to-acquire-Zhejiang-Huafon-Thermoplastic-Polyurethane-Co-Ltd-from-H-48202000/), 2024-10-28: "Huafon Chemical Co.,Ltd (SZSE:002064) agreed to acquire Zhejiang Huafon Thermoplastic Polyurethane Co., Ltd from Huafon Group Co., Ltd. on October 28, 2024."
- [news.futunn.com](https://news.futunn.com/en/post/49467704/huafeng-chemical-002064-sz-plans-to-purchase-100-of-huafeng), 2024-11-01: "This transaction is an important measure for the listed company to broaden its business scope and achieve long-term sustainable development."

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