Exel Composites closes transaction to acquire a Chinese composites production business
EXEL COMPOSITES PLC INVESTOR NEWS 26 April 2017 at 09:00 EETExel Composites Plc has closed the transaction to acquire the Chinese composites production business of Nanjing Jianhui Composite Material (JHFRP). The acquisition was announced in a stock exchange release on 31 October 2016. The business includes one manufacturing unit, which uses mainly pultrusion technology to produce composite products that are largely complementary to Exel Composites’ existing offering. Nanjing Jianhui has a balanced portfolio of local Chinese customers and exports