Frontmatec finished China acquisition
Jining Xinglong Food Machinery is an equipment supplier to the red meat industry in China and is part of Frontmatec’s plans to grow its presence in China. With the transaction complete, Frontmatec said it has gained a strong foothold with a large-scale local production setup dedicated for the Chinese market. By combining the two companies, Frontmatec has significantly strengthened the position on the Chinese market and can start now offer access to the advanced equipment and solutions of Frontmatec for local production and market adaptation. Also with the close relationships to the leading food companies in China, which are already built by the management team of Xinglong, to further grow the market presence in China.
Going forward, Jining Xinglong Food Machinery will continue to serve the Chinese market from its base in Jining under its current legal name but will gradually adopt the Frontmatec logo and thus become an integrated entity of Frontmatec with support and access to relevant technologies and competences of the global Frontmatec group. The former owner will continue in the company as Vice-chairman of the Board of Directors. The current production facility of Frontmatec in Shanghai will gradually relocate to Xinglong’s factory in Jining with certain functions such as sales, engineering and project management remaining in Shanghai.