Cosmetic manufacturer HCT Group has completed the acquisition of HCT Kent Packaging in China.
HCT Group now holds 100% ownership of the 500,000ft² facility.
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Established by HCT and Taiwanese businessman Kent Lee in 2006, the packaging facility has a fully automated assembly line and offers plastic injection moulding, extrusion blow moulding (EBM), as well as injection blow moulding (IBM) services.
HCT Group chief strategy officer Jenny Hsu said: “This acquisition has given us the power to further merge our world-class design and innovation capabilities with fully integrated in-house manufacturing.
“We have plans to double the size of the factory to increase capacity, which will allow us to aggressively capture business, historically left on the table.
“In addition, this acquisition will give us the ability to expand our product offerings, and serve new markets, while delivering the same great quality and service that HCT Group has always been known for.”
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By GlobalDataThe acquisition is expected to extend HCT Group’s business to previously unavailable markets. The expansion also serves as an opportunity to enter China’s beauty marketplace.
HCT Group is a cosmetic manufacturing industry supplier, serving various major brands.
The corporation’s packaging division designs and manufactures custom plastic, metal and paperboard packaging solutions.
The company offers a range of comprehensive stock ranges, individual stock items and custom designs for bottles, jars, pumps, tubes and zinc, aluminium, magnesium and copper (ZAMAC) components to its customers.
