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Guangdong Baotuo Technology Corporation Merged and Acquired Liaoyang Huisheng Paper Machinery Co., Ltd.

Categories: Baosuo NewsStars: 3Stars Visit: - Release time: 2017-03-29 16:47:00
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      On the afternoon of March 28, 2017, the signing ceremony of Guangdong Baotuo Technology Corporation Merging and Acquisition of Liaoyang Huisheng Paper  Machinery Co., Ltd. Was held in Beijing.

 

Mr. CAO Zhenlei, PhD and Director of China National Paper Making Industry Association Household Paper Specialized Committee, Mrs. JIANG Manxia, Secretory-General of China National Paper Making Industry Association Household Paper Specialized Committee, Mr. LI Jiehui, General Manager of China Paper Machinery Corporation, Mr. Gregory M Welcher, Technical Director of China Paper Machinery Corporation, Mr. PENG Jintong, Chairman of Guangdong Baosuo Enterprise, Mr. PENG Jinchao, President of Guangdong Baosuo Enterprise, Mr. LI Qibiao, General Manager of Baotuo Paper Machinery Engineering Co., Ltd., Mr. GUAN Bin, Chairman of Liaoyang Huisheng Paper Machinery Co., Ltd., and Mr. HE Wenxun, Chairman of Liyang Jiangnan Dryer Manufacturing Co.,Ltd participated in the signing ceremony.

Guangdong Baotuo Technology Corporation was jointed funded by Baotuo Paper Machinery Engineering Co., Ltd., Mr. GUAN Bin, Chairman of Liaoyang Huisheng Paper Machinery Co., Ltd., and Mr. HE Wenxun, Chairman of Liyang Jiangnan Dryer Manufacturing Co.,Ltd.

Guangdong Baotuo Technology Corporation wholly-owned merger and acquisition of Liaoyang Huisheng Paper Machinery Co., Ltd. is an important step to strengthen Guangdong Baosuo Enterprise. After the merger and acquisition, the whole paper machine business of Liaoyang Huisheng Paper Machinery Co., Ltd. (including Huifeng) would be Incorporated into Guangdong Baotuo Technology Corporation, and would not engage in whole paper machine business; however, it would continue to provide technical supports and after sales services to previous customers.

    After the merger and acquisition of Liaoyang Huisheng Paper Machinery Co., Ltd., Guangdong Baotuo Technology Corporation would bring in first class European technology, integrate the technical and market advantages of Baotuo Suction Forming Yankee Paper Machine and Huisheng (Huifeng) Crescent Forming Paper Machine, and further develop domestic and global high end tissue paper machine market so as to provide better quality and more comprehensive tissue paper machine solution for tissue paper industry.