Australia's DuluxGroup says unit to divest China, HK coatings business

Yips Chemical Holdings

02/01/2018 22:53

Jan 3 (Reuters) - Australia's DuluxGroup Ltd  DLX.AX  said 
on Wednesday its majority-owned joint venture company DGL Camel 
International has agreed to sell a majority of its coatings 
business in Hong Kong and China to Yip's Chemical Holdings Ltd 
 0408.HK . 
    DGL Camel International, which makes coating materials for 
building products, will retain business for the Selleys brand in 
Hong Kong and China along with a small part of the coatings 
portfolio, the company said in a statement. 
 
 (Reporting by Nicole Pinto in Bengaluru; editing by Grant 
McCool) 
 ((Nicole.Pinto@thomsonreuters.com; +91 80 6749 1130; Reuters 
Messaging: nicole.pinto.thomsonreuters.com@reuters.net)) 
 
Keywords: DULUXGROUP M&A/YIP'S CHEMICAL