Acquisition of LNX brand in China from Bluestar
Soudal acquires LNX brand silicone sealant range from Bluestar Silicones
Soudal (
Shanghai) Co., Ltd. acquires all aspects of the business related to the LNX brand silicone sealant range from Bluestar Silicones Co., Ltd, through its wholly-owned subsidiary, Taicang Shijia Industrial Co. Ltd. in
China. The deal is effective from
7th March 2011.
On the effective date, Soudal (
Shanghai) Trading Co., Ltd. will be wholly responsible for all aspects of the LNX business, including sales and marketing, logistics, communication and finance. All new and future orders and transactions will be processed directly by Soudal (
Shanghai) Trading Co., Ltd. Soudal and Bluestar will work closely together to make this a seamless transition, and Soudal is committed to providing the same close cooperation and business model to customers of the LNX brand.
This transaction boosts the market position of Soudal in
China by expanding its strong market position, focused on high-quality PU foams, to a wide range of quality sealants. With an impressive track record of growth, the construction industry in
China requires reliable energy-efficient as well as innovative solutions. A strong focus on research and development within the Soudal group will enable it to further develop its position in this market.
Founded in 2007 with China National BlueStar Ltd’s acquisition of Rhodia Silicones., Bluestar Silicones is a global supplier of silicones with a turnover of €600 million and manufacturing sites in all regions of the world. Bluestar Silicones is one of the world’s leading manufacturers of completely integrated silicones. With over 50 years’ experience in silicones, Bluestar Silicones offers a complete range of silicone products in the fields of release coatings, specialty elastomers, health products, specialty fluids, emulsions and resins.
Soudal is
Europe’s leading independent manufacturer of sealants, polyurethane foams and adhesives, with a turnover of €355 million and 7 manufacturing sites on 4 continents. It serves professionals in construction, retail channels and industrial assembly and has 45 years of experience with end-users in over 100 countries worldwide.
Taicang Shijia Industrial Co., Ltd., a fully-owned subsidiary of Soudal is a leading manufacturer of Polyurethane foams in
China, with 12 years of experience producing, marketing and selling her flagship Yuzhong® brand polyurethane foams. Yuzhong® polyurethane foams are highly established in the market, and have been a brand renowned for quality, reliability, and customer service.