Brief: Ringmetall acquires smaller clamping ring producer in China

Ringmetall SE

19/06/2017 06:35

June 19 (Reuters) - RINGMETALL AG  HP3G.DE : 
    * RINGMETALL ACQUIRES SMALLER CLAMPING RING PRODUCER IN 
CHINA 
    * ACQUISITION OF HONGREN AS PART OF AN ASSET DEAL 
    * RELOCATION OF PRODUCTION TO CHINESE PLANT OF RINGMETALL IN 
CHANGZHOU 
    * INVOLVED PARTIES HAVE AGREED TO REMAIN SILENCE ABOUT 
PURCHASE PRICE 
    * ACQUISITION OF HONGREN AS PART OF AN ASSET DEAL 
    * HONGREN, HEADQUARTERED IN CHANGZHOU, CHINA, GENERATED 
SALES OF AROUND EUR 1.2 MILLION IN PAST FINANCIAL YEAR 2016 WITH 
29 EMPLOYEES WITH A CLEARLY POSITIVE EARNINGS CONTRIBUTION 
 
Source text for Eikon:  ID:nEQ8bSjXra  
Further company coverage:  HP3G.DE  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 722 0920;))