Xella Group has sold Changxing Ytong Co., Ltd to UBlock International HK Company
Xella Group has sold Changxing Ytong Co., Ltd (Ytong) to UBlock International (Hong Kong) Company.
Ytong is one of the strongest brands producing autoclaved aerated concrete (AAC) for the building materials market. It offers the best thermal insulation and solid quality to its clients. The company was founded in 1940 and has 140 employees.
UBlock International manufactures and sells AAC block and brick in China and other Pan-Asia countries.
Based in Germany, Xella Group manufactures and markets building materials, gypsum fibreboard and cement-bonded dry lining panels together with lime and limestone. With 7,100 employees, the group has 99 plants and marketing organizations in more than 30 countries.
Oaklins' team in Shanghai advised the seller in this transaction. The team negotiated terms with the buyers and coordinated the whole process. Oaklins' team in Germany supported the transaction at its early stage.
Talk to the deal team
Related deals
PBV Investment Holding Europe-America, S.L. (IDP Group) has been sold to Bureau Veritas
Nazca Capital and the company founders have sold PBV Investment Holding Europe-America, S.L. (IDP Group) to Bureau Veritas. This strategic acquisition will allow Bureau Veritas to expand its leadership in building and infrastructure solutions and meet sustainability challenges through IDP’s digital portfolio assets.
Learn moreViking Entreprenør has been acquired by Corteco
Corteco has acquired Viking Entreprenør, strengthening its position in the Norwegian market. By working together with the other companies in the Corteco group, Viking will be able to offer a broader range of services to existing and future customers.
Learn morePavement Maintenance Group has been acquired by Renovo Capital
LKCM Headwater Investments has sold Pavement Maintenance Group (PMG), one of its portfolio companies, to Renovo Capital.
Learn more