# AICA Group acquires 51% stake in ADB Sealan

Applied DB Public Company Limited (ADB) announced the closing of a joint venture deal with AICA ASIA PACIFIC HOLDING PTE. LTD., a subsidiary of AICA KOGYO CO., LTD., which acquired 51% of ADB Sealan Company Limited for 360 million baht.

- Type: Acquisition
- Announced: 2024-12-09
- Where: Thailand
- Value: $10.0M (360.0M THB)
- Status: completed
- Products: adhesives, sealants, DIY products
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [AICA Kogyo Co.](https://endata.com/companies/41491.md) (acquirer)
- [Applied DB Public Company Limited](https://endata.com/companies/80030.md) (partner)
- [AICA ASIA PACIFIC HOLDING](https://endata.com/companies/81651.md) (acquirer)
- [ADB Sealan](https://endata.com/companies/81652.md) (target)

## Sources

- [adb.co.th](http://www.adb.co.th/en/adb-joins-with-japanese-giant-aica-group-expanding-the-international-glue-sealant-market-stepping-into-the-mode-of-creating-new-s-curve/), 2024-12-10: "Applied DB Public Company Limited or ADB announced the closing of a joint venture deal with AICA ASIA PACIFIC HOLDING PTE. LTD. (AAPH), a subsidiary of AICA, a giant Japanese conglomerate with a history of over a hundred years of business operations."

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