Product category:
Welding, cutting and adhesive bonding
News Release from: Jackson Products
Edited by the Processingtalk Editorial
Team on 08 May 2008
Chinese welding safety products firm
acquired
Jackson Products has entered into an agreement to acquire a 70% stake in Changzhou Shine Science and Technology Co (Shine), a welding safety products manufacturer, based in Shanghai
Tom Burns, President and Chief Executive Officer (CEO), Jackson Products, said: "This acquisition supports our global strategy of being the preferred supplier of safety products The innovative Shine products broaden our range of welding products that we can offer and strengthen our position as a world leading manufacturer of auto-darkening filters (ADF) for welding
This article was originally published on Processingtalk on 22 Jan 2007 at 8.00am (UK)
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This acquisition will also provide us with a manufacturing base in Asia, and the Shine excellent engineering talent will add to and complement our own expertise in auto-darkening filter technology".
Phil Chew, Managing Director EMEA (Europe, Middle East and Asia) for Jackson Products continued: "Following on from the Jackson Products European and US based acquisitions over the last 12 months, this latest acquisition fits excellently into our strategy of developing and expanding the welding safety product lines, and supports our continued penetration of the international market".
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