COFCO packaging plans to acquire plastic packaging companies to strengthen the development of plastic packaging in China

According to reports, COFCO packaging announced that it has entered into two memorandums of understanding to acquire a Hong Kong company and three Chinese companies (Target Group) It is located in East China, South China and North China and is mainly engaged in the production and sales of plastic packaging products.

COFCO packaging means that the acquisition target group can strengthen the company's market share, regional layout, technical processing capability and talents in the field of plastic packaging in China; Then improve the performance of the company's existing plastic business, and the customers served by the target group are all high-quality customers in the industry.