ADB wins new multinational partner AAPH, ready to enter the adhesive business in ASEAN

Mitihoon – AICA Asia Pacific invests in ADBS, increasing its product portfolio in the grout group. Strengthen the AICA global adhesive and chemical production and distribution supply chain.

ADB or Applied DB Public Company Limited stated that AICA ASIA PACIFIC HOLDING PTE. LTD. (AAPH) signed an agreement to purchase additional shares of ADB Sealant Co.,Ltd (ADBS), a subsidiary that holds 99.99 shares. % by Applied DB Public Company Limited (ADB) in the proportion of 51 percent. After the capital increase, ADBS will have a new registered capital of 645.09 million baht.

ADBS is a leader in the production and distribution of industrial adhesives for the footwear, furniture, leather industry, and sealant products in tube form (cartridge) and in large packages that meet the needs of use in the real estate and construction industries. Decorative industry automotive industry and electronics industry. Including adhesive products in small packages for household use (DIY products). ADBS has technology and professional production experience for more than 40 years, with a customer base in Thailand and overseas customer bases in ASEAN, the Middle East, Europe, and Africa. and South America Including providing contract production services for leading international brands.

Acquisition of shares of AAPH, a wholly-owned subsidiary of AICA KOGYO CO., LTD., a Japanese organization that has been in business for more than a century. With a strategy to provide high value-added products to meet customer needs and increase mutual benefits within the group, AAPH has significantly expanded its industrial adhesives business. It operates through 21 subsidiaries and has 22 factories in 8 countries in the Asia Pacific region. There is an average growth rate of the chemical business abroad of 10% per year, especially in Indonesia and Malaysia where there are powerful brands. It has a sales network and a strong presence in the retail market. ADBS grout products It is a new product that helps complete the product portfolio for AAPH in the international market. including solvent-based adhesive products (Solvent-based adhesive) that ADBS has a high market share in Thailand. When working together, we can take advantage of technology. Help promote the plan to expand market share of adhesives. It is a vertically integrated supply chain that integrates production and sales.

The collaboration between the two companies will enhance our competitiveness through leveraging the power of our brands and sales networks both in Thailand and abroad. Increase production proportions to benefit from scale Strengthen and diversify the brand Increase product variety This strengthens the company’s market position in retail markets in Asia.

Mr. Wang Wanapaison, CEO of ADB and Chairman of the Board of ADBS, said: “The collaboration between ADBS and AICA Asia Pacific will accelerate the exponential growth of our adhesives and sealants businesses by complementing each other’s product portfolios. especially in Indonesia Malaysia, where grout products still have a great opportunity for growth There is a high demand and market value. We are pleased to partner with AICA, a global organization in the manufacture and sale of adhesive products and chemicals. Let’s work together to promote and drive the growth of ADBS.”The transaction is expected to close in the fourth quarter of 2024, and ADB will retain a 49% stake in ADBS. ADB and AAPH will jointly manage the joint venture moving forward. Create better value and benefits