Lehui buys German equipment maker

Updated 2017-12-15 13:32:11 Global Times

Ningbo Lehui International Engineering Equipment Co plans to take over German dairy packaging equipment manufacturer NSM Packtec GmbH, according to media reports on Wednesday.

Lehui will pay 4 million euros (.73 million) to acquire the company from NSM Magnettechnik GmbH, domestic news website sohu.com reported.

Under the agreement, Packtec would continue its current operations with the same brand name and management team, the report said.

NSM Magnettechnik will be barred from entering the same business within two years after the completion of the deal, according to the report.

Lehui said the acquisition will bring advanced technologies in food and liquid packaging manufacturing to the company's other businesses, the sohu.com report said.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58July 23 2018 09:39:18

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16July 23 2018 09:39:18

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18July 23 2018 09:39:18

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords