BDA Advises SigmaKalon on China Decorative Coatings Transaction
Summary
" Mr. Francis Wong, the founder of IVY said, "The joint venture will combine both parties’ brands, technologies, network and expertise, to bring a variety of high quality products and to provide superior services to Chinese consumers.BDA’s client list includes Air Products, Cadbury Schweppes, Celestica, Dow Chemical, DuPont, Ecolab, Great Lakes, Hercules, Huntsman, Inabata, Kimberly-Clark, Lear, Lubrizol, Mars, Morgan Stanley, Nalco, Parker Hannifin, Reuters, Rohm & Haas, Ryder, Siemens, SigmaKalon, Sumitomo Chemical, TATA Auto Components, Tenneco, Tredegar, Visteon, WR Grace, and the British Government.Terms of the transaction were not disclosed.IVY was established in 1994 with Hong Kong capital and today it has 300 employees and a manufacturing facility in Songjiang, Shanghai and sells both solvent and emulsion based coatings, under the well-known IVY brand.Francis Wong, the founder of IVY said, "The joint venture will combine both parties’ brands, technologies, network and expertise, to bring a variety of high quality products and to provide superior services to Chinese consumers.The company sells to a wide range of Chinese shipbuilding yards and ship owners and is active in the offshore, power, petrochemical and oil & gas market.About BDA: Business Development Asia LLC was founded in 1996.