Xella Group has sold Changxing Ytong Co., Ltd (Ytong) to UBlock International (Hong Kong) Company.
Ytong is one of the strongest brands producing autoclaved aerated concrete (AAC) for the building materials market. It offers the best thermal insulation and solid quality to its clients. The company was founded in 1940 and has 140 employees.
UBlock International manufactures and sells AAC block and brick in China and other Pan-Asia countries.
Based in Germany, Xella Group manufactures and markets building materials, gypsum fibreboard and cement-bonded dry lining panels together with lime and limestone. With 7,100 employees, the group has 99 plants and marketing organizations in more than 30 countries.
Oaklins' team in Shanghai advised the seller in this transaction. The team negotiated terms with the buyers and coordinated the whole process. Oaklins' team in Germany supported the transaction at its early stage.
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