by swisschambei in Engineering / Manufacturing
By taking over the Chinese company Yantai Xinhui Packing, Datwyler will gain direct access to the rapidly growing healthcare market in China. In doing so, Datwyler will fill another important strategic gap in the healthcare solutions business area and have its own production plants in all currently relevant markets. Datwyler has signed a contract to acquire the Chinese company Yantai Xinhui Packing Co. Ltd. Closing of this contract is subject to the anticipated fulfilment of the customary closing conditions during the first quarter of 2022. The details of the contract are undisclosed. This strategically important acquisition will provide Datwyler direct access to the rapidly growing healthcare market in China. The family-owned company Yantai Xinhui Packing was founded in 2003. In 2017, the company invested in building a new production plant in Shandong province in northeastern China. Yantai Xinhui Packing has automated production facilities for elastomer components for the healthcare market, its own development department and its own compounding facility. With some 170 employees, the young and modern company has annual revenue of some CHF 15 million. The current management will remain in place, thus ensuring continuity in serving the Chinese healthcare market. When integrating Yantai Xinhui Packing, Datwyler can draw on its many years of experience with its own Chinese plants for the automotive and industrial markets with some 1’500 employees in China.