Industry News

Woodbridge Group Closes Strategic Sale of China-Based Company to U.S. Buyer

Published on 2008-11-25. Author : SpecialChem

NEW HAVEN, Con -- Woodbridge Group, Inc., a unique, marketing-driven mergers and acquisitions firm, is pleased to announce the acquisition of its client, Yasida and Aesthetic Color-Tech (Jinan) Co., Ltd., by Pennsylvania-based Silberline.

Yasida and Aesthetic Color-Tech, based in China, manufacture and sell aluminum pigments under the SILVERKING brand name. Silberline is a leading manufacturer of special effect and performance pigments that enhance coatings, paints, inks and plastics.

In a recent announcement, Jane Scheller, CEO of Silberline said, "The Yasida SILVERKING product line is a highly regarded brand in China. This acquisition reinforces our long-standing commitment to providing the most comprehensive products and service to our customers in the Asian marketplace."

"This transaction is evidence that strong quality companies are still getting acquired in these difficult economic times," said Robert F. Murphy, Chief Operating Officer at Woodbridge Group and senior dealmaker for the transaction."This is the third transaction Woodbridge has closed in the past 60 days," he added.

Jennifer Xu, President Jinan Kangsida, owner of Yasida, said, "We were impressed with how Woodbridge successfully guided this complex cross-border transaction to completion and advised us every step of the way."

About Yasida and Aesthetic Color - Tech:

The Companies formulate, manufacturer and sell branded aluminum pigments used in paints, coatings and inks to provide metallic effects and to protect metal and plastic substrates. The SILVERKING line consists of several grades and product series. The Companies are ISO 9001 and ISO 14001 certified, and manufacturers all of their aluminum pigment products at their Jinan factory located in ZhangQiu, ShangDong Province, China. ZhangQiu lies about 30 miles east of the city of Jinan.

About Silberline:

Silberline is an international brand leader that manufactures and supplies a broad range of high quality special effect and performance pigments that dramatically enhance the visual appeal of coatings, paints, inks and plastics. The company has 60+ years of experience in the industry; customer service centers on four continents; and a worldwide network of independent agents and distributors that sell and service their Silberline products.

Source: Woodbridge Group, Inc.

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