UK-based Yule Catto has acquired Quality Polymer, a Malaysian aqueous polymer producer from Nippon Paint Malaysia for £10m.
The acquisition will allow Yule Catto to expand its South East Asian production and sales of acrylic and vinylic polymer dispersions for the adhesives, building products and coating sectors.
Yule Catto's 70% subsidiary, Revertex, will operate Quality Polymer following the transaction.
The company expects the acquisition will enhance earnings in the financial year 2012.
