ADBS and AICA Asia Pacific sign an agreement to subscribe for additional shares. Replenish the product portfolio in the grout group Strengthen the supply chain for the production and distribution of adhesives and chemicals in the AICA group.

ADBS and AICA Asia Pacific sign an agreement to subscribe for additional shares. Replenish the product portfolio in the grout group Strengthen the supply chain for the production and distribution of adhesives and chemicals in the AICA group. 

On September 19, 2024, AICA ASIA PACIFIC HOLDING PTE. LTD. (AAPH) signed an agreement to purchase additional shares of ADB Sealant Co.,Ltd (ADBS). which is a subsidiary which is 99.99% owned by Applied DB Public Company Limited (ADB) in the proportion of 51%. 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, and sealant industries in tube (cartridge) form 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 sealants in small packages for household use (DIY products). ADBS has more than 40 years of professional technology and production experience. It has a customer base in Thailand and international customer bases in ASEAN, the Middle East, Europe, 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. There is a strategy to provide high value-added products to meet customer needs and increase mutual benefits within the AAPH group. It has significantly expanded its industrial adhesive 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’s sealant products are a new product that complements AAPH’s product portfolio in international markets. 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.  More details https://www.set.or.th/…/news-and-alert/newsdetails…