China Zhongwang Basically Completes Its First Overseas Acquisition

Published: Aug 29, 2017 13:57

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In August 2017, Zhongwang Aluminium Deutschland GmbH, an indirect wholly-owned subsidiary of China Zhongwang, basically completed acquisition of Aluminiumwerk Unna AG (Alunna).

SHANGHAI, Aug. 29 (SMM) – In August 2017, Zhongwang Aluminium Deutschland GmbH, an indirect wholly-owned subsidiary of China Zhongwang, basically completed acquisition of Aluminiumwerk Unna AG (Alunna).

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Upon completion of the acquisition, the subsidiary will hold 99.72% stake in Alunna.

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The acquisition will substantially improve Zhongwang’s capability in seamless tube extrusion and further optimize its product mix. It will also accelerate the business expansion of Zhongwang into aviation, automobile and other industries on the strength of Alunna’s product credentials and its experience in customer development.

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China Zhongwang Alunna

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