German industrial packaging manufacturer Mauser Group is expanding its China operations by acquiring a 50 percent stake in a local manufacturer from an Indian firm.
Mauser acquired the 50 percent stake in intermediate bulk container (IBC) systems maker Guangzhou Fanshun Elan Plastech Co. Ltd. from India's Time Technoplast Ltd.
Guangzhou Fanshun's other owner, Shanghai Fanshun Packaging Co. Ltd., already operates a joint venture with Mauser, running two production sites in East China, in Shanghai and Jiangyin.
Mauser plans to rename the Guangzhou business Guangzhou Fanshun Mauser Co. Ltd. and integrate it into its existing Chinese JV with Fanshun.
Bruehl, Germany-based Mauser expects the deal to give it better access to the South China market and a broader customer base.
“We are very pleased with the addition of the South China business and its production facility,” said Philippe Larretgere, general manager of Fanshun Mauser. “We see tremendous growth opportunity for IBCs in China and the addition of the South China plant to our existing operations in Eastern China will enable us to serve customers more efficiently with our superior product range of IBCs.”
The Guangzhou site will implement Mauser's design and quality standards as applied globally, the company added in a news release.
The deal took effect on July 1.