CREMER
Counting Machines and Packaging Lines
Japan-based Rengo has announced the acquisition of all of the equity of Guangdong Rengo Packaging in China for $17m.
Japan-based Rengo has announced the acquisition of all of the equity of Guangdong Rengo Packaging in China for $17m.
Guangdong was formerly a Chinese joint venture company operated by Rengo and its Chinese partner but all equity has now been transferred to Rengo and Guangdong is now a wholly-owned subsidiary the company.
Guangdong Rengo is engaged in the manufacturing and sales of corrugated packaging and folding cartons.
The company reported net sales of CNY104m ($126m) for the fiscal year ended December 2010.
Counting Machines and Packaging Lines
Adhesive Tapes, Films and Fabrics for Packaging Machinery
Cleaning Technology for the Flexographic, Gravure and Offset Package Printing Industries