BASF Acquires Yinfan
October 10, 2016
BASF has acquired the assets of Guangdong Yinfan Chemistry Co., Ltd. (“Yinfan”) in China. A new legal entity named “BASF Coatings (Guangdong) Co., Ltd.” has been established in Jiangmen, Guangdong Province, to take over and further develop Yinfan’s automotive refinish coatings business.
“Together with Yinfan’s team, we have started the integration process. Our approach is very customer- and employee-focused,” said Peter Fischer, senior vice president, Coatings Solutions Asia Pacific. “Our goal is to ensure business continuity and make Yinfan an integral part of BASF, leveraging technology, product portfolio, and unique industry expertise of both companies.”
The acquisition enables BASF’s Coatings division to broaden its automotive refinish portfolio in Asia Pacific by adding the Yinfan line of products to its global brands including Glasurit®, R-M®, baslac® and NORBIN®, the company stated.