Greatview to acquire Qingdao Likang Food Packaging Technology Company Limited

Greatview to acquire Qingdao Likang Food Packaging Technology Company Limited

Greatview is pleased to announce that it entered into a conditional agreement to acquire the entire equity interest in Qingdao Likang Food Packaging Technology Company Limited (“Likang”) at a cash consideration of RMB104.2 million, on 15 January 2019. Likang is based in Shandong Province, China, and its primary business is the production of aseptic packaging cartons for customers across China.

This acquisition supports Greatview's strategy of identifying opportunities to grow its business in both China and International aseptic packaging markets. With the acquisition of Likang, Greatview solidifies its position as the second largest aseptic packaging company in China. This transaction also strengthens Greatview's customer portfolio and creates synergies with its current production capacity.