Dulux's DGL Camel sells coatings business

January 03, 2018

Dulux majority-owned DGL Camel International is selling most of its HK and China coatings portfolio.

DuluxGroup's majority-owned company, DGL Camel International, has inked a deal to sell most of its Hong Kong and China coatings portfolio to HK-based Yip's Chemical Holdings.

Under the deal, DGL Camel, a joint venture between Dulux and HK-based Camelpaint Chemical Co, will retain a small part of the coatings portfolio and its Selleys business.

The paint and adhesives supplier said the structure and cost base of the ongoing business is currently being finalised, with the transaction expected to be completed late in the first half of the 2018 financial year.

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