UBlok has acquired Changxing Ytong Co., Ltd
Oaklins HFG China announced that it, as the sole financial adviser, has successfully supported Xella Baustoffe Gmbh (abbr.:"Xella") to sell its subsidiary YTONG in Zhejiang to UBLOK.
YTONG, an international brand of autoclaved aerated concrete (AAC) under XELLA Group, Germany, is a global leader of autoclaved aerated concrete and the green wall solutions. In the past eighty years, YTONG products have been continuously innovated and developed, covered more than 30 countries with an annual production exceeding 10 million M3, and have become the world's leading supplier of autoclaved aerated concrete. Changxing Yitong Co., Ltd. is a wholly-owned subsidiary of XELLA Group in China. It produces and sells YTONG brand products in Chinese market.
Headquartered in Duisburg, Germany, Xella Group is one of the world's largest multinational building materials group. Xella manufactures and markets building materials, gypsum fibreboard and cement-bonded dry lining panels together with lime and limestone. With its YTONG, Hebel and Silka ranges, Xella is one of the world's largest manufacturers of aerated concrete and calcium silicate products and has covered the markets of Europe, Asia, North America and South America. With 99 plants and marketing organizations in more than 30 countries, Xella is flying the flag internationally. In 2014 Xella achieved sales of about €1.27 billion and employed 6,686 persons.
UBLOK is an international AAC brand of Singapore UBLOK Private Investment Co., Ltd. It commits to becoming an internationally renowned high-end AAC brand and a comprehensive service provider of fabricated Green Wall solutions.
In this transaction, on behalf of Xella, Oaklins HFG China has made widely contacts with potential buyers in China and worldwide, creating a good environment of competition for this transaction. In the execution stage, according to the buyer’s situation, Oaklins HFG China has proposed the most reasonable transaction structure and has assisted Xella to complete the equity delivery quickly after signing the acquisition agreement.
I am happy to have worked with Oaklins' team in China on divesting Xella’s China subsidiary. Oaklins has tremendous local and global expertise, resources and connections in the building material market. Its professional advisory services helped us to achieve good valuation and negotiate terms. Our mutual cooperation was delightful throughout the whole process.LEI JIN, former CEO of Xella China
Oaklins HFG China is one of the leading M&A advisors in China for cross-border transactions. Oaklins is the world’s most experienced mid-market M&A advisor, which has a strong industry focus across 15 sectors with 800 professionals globally and dedicated industry teams in 60 offices in five continents. Oaklins has closed over 1,500 transactions in the past five years, of which over 50% are cross-border.
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