Beijing, June 27 – HZ Info– Beixin Coatings Co., Ltd., a wholly-owned subsidiary of Beijing New Building Materials Public Limited Company (BNBM,), has officially signed a joint reorganization agreement with SUNROAD Group.
Under the deal, Beixin Coatings has acquired more than 70% of the equity in Anhui SUNROAD Environmental Protection New Materials Co., Ltd. and Sichuan SUNROAD Polymer Materials Co., Ltd., with a total investment exceeding RMB 300 million.
The transaction is distinguished by its "lightweight flexible holding" model—Beixin Coatings acquired only the shares held by the original major shareholders, while preserving the interests of minority shareholders. SUNROAD's existing core management team remains unchanged, and the "SUNROAD" brand will continue to operate independently. A three-year performance earn-out arrangement has also been put in place, effectively binding the original core management and technical teams through a structure of "central SOE holding with private-sector team independent operation."
In 2023, Beixin Coatings announced its entry into the powder coatings sector and initiated the construction of its Shanghai Qingpu R&D and production base. In early 2026, the facility's 10,000-ton-per-year powder coating production line and supporting R&D center were completed and put into operation. The acquisition of SUNROAD represents a critical leap forward in the company's dual-track strategy of "self-built + M&A."
Founded in 2009, SUNROAD Group operates four production bases in Ma'anshan (Anhui), Chengdu (Sichuan), Shenyang (Liaoning), and Zhaoqing (Guangdong). Its products cover a wide range of sectors including aluminum profiles, automotive, telecommunications, furniture, home appliances, and general industrial applications.
Following the reorganization, Beixin's powder coating business now boasts a national production footprint comprising three major manufacturing bases—Shanghai Qingpu, Ma'anshan Dangtu (Anhui), and Guanghan (Sichuan)—along with two R&D centers. The core team includes veterans from internationally renowned powder coating companies such as Tiger and AkzoNobel.
This reorganization not only catapults Beixin Coatings into the top tier of the powder coatings industry in a single move, but also marks the completion of a "full-category closed loop" across its coatings business—spanning architectural coatings, industrial anti-corrosion coatings, military-grade heavy-duty anti-corrosion coatings, and now high-end powder coatings.