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DELFINGEN Acquires the Wiring Protection Activity of the Chinese Company Tianhai Hengbang

by wireworld on 01/12/2014 - 05:14 pm

Tag: Acquisitions

Delfingen Industry announces the acquisition on December 27thof the wiring protection activity of the Chinese company Tianhai Hengbang Hebi Rubber & Plastic ("Hengbang").

Hengbang, with its sales of 1.5M, has its manufacturing plant in Hebi - Henan province - and has also service plants near its customers in the cities of Changchun, Chongquin, Jilin and Harbin.

Delfingen has been in Wuhan since 2010. This acquisition will enable Delfingen to gain new market shares with Sino Chinese wiring manufacturers and OEMs, and also to complete its industrial and logistics presence.

Therefore, Delfingen carries on its strategy of globalization, while strengthening its footprint in the most dynamic automotive industry in the world.

That strategic acquisition has been financed thanks to the funds raised during the capital increase of December 2013, which knew a high success.