Frontmatec enters China via aquisation
The transaction will provide Frontmatec with market access in China and in addition a local production setup dedicated for the Chinese market. Furthermore, Xinglong will benefit from transfer of advanced technology from Frontmatec. Founded in 2001, Xinglong is a reputable Chinese slaughtering equipment enterprise, offering cost-effective equipment and technologies adapted to livestock and poultry slaughtering in China and other developing countries.China is the world’s single largest market accounting for approx. 50% of all pigs slaughtered globally. The market is expected to experience strong growth going forward driven by an increased demand for more automated and high speed solutions and an increased focus on food safety.
Going forward, Xinglong will continue to serve the Chinese market from its current base in Jining under its current brand name. However, in order to accelerate the sales of more advanced solutions in China, Frontmatec will support Xinglong with relevant technology and competences.The completion of the transaction is subject to final closing, which is expected to happen within the coming months.
Xinglong is a leading supplier of equipment to the red meat industry in China. The main focus of the company is slaughtering solutions to pig and cattle in the mid/high line speed segment. Xinglong is mainly supplying Chinese customers, but also has customers outside China. The company is located in Jining (Shandong province) and currently employs 234 employees.