BASF announced it has completed the acquisition of Guangdong Yinfan Chemistry Co., Ltd. in China that was announced in April. A new legal entity named ASF 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