Wanshun New Materials Acquires Eurofoil Luxembourg for €12.4M, Expanding International Presence

Published: Mar 22, 2026 00:00

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Wanshun New Materials recently announced that its wholly owned subsidiary, Jiangsu Zhongji Composite Materials (Hong Kong) Co., Ltd., had completed the acquisition of 100% of the equity interest in Eurofoil Luxembourg S.A. held by Aluminium Investment Company Limited.

The transaction amount was EUR 12,388,900, marking Wanshun New Materials' further expansion in the international market.

According to the latest audit and valuation results, the market value of Eurofoil Luxembourg's net assets was EUR 32,170,300, representing an appreciation of EUR 11,150,100 over its book net assets, with an appreciation rate of 53.04%. This valuation result provided strong support for the smooth progress of the transaction.

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