Beijing Sanlian Hope Shin-Gosen Technical Service Co. has acquired 80% of the Polymetrix shares from the Bühler Group. The Bühler Group will remain a minority shareholder with 20% of the shares of Polymetrix. Closing is expected for the beginning of 2018.
The Bühler Group held again 100% of Polymetrix after the buyback of all shares held by a third-party in July 2017. Polymetrix AG will remain a Swiss entity and continues to operate under the existing management and the existing employees. The company’s legal name remains identical and is expanded with the reference to the two owners: “Polymetrix AG, a Sanlian-Bühler Company”
The transaction is subject to approval by the Chinese state and stock exchange regulations. Closing is expected for the beginning of 2018.
Sanlian and Polymetrix are both technology / engineering companies of similar size and are active in marketing, designing and building complete plants for the manufacturing and processing of polymers. Customers will benefit from the combined expertise of both companies: Sanlian focuses on PA, PET, and spinning technology, while Polymetrix’ expertise is in PET, PA, PBT and recycling technologies. With Polymetrix, Sanlian will receive an international platform to market their successful products outside of China. Polymetrix will be significantly strengthened by Sanlian’s business set-up and market intelligence in China. The combination of the two organizations allows expanding the combined business beyond the current product offerings. You find more information about Sanlian here: http://www.slhpcn.com
The contact data and the contact persons will remain identical for our customers and partners. Sanlian and Polymetrix are looking forward to a prosperous business future with all our clients and business partners. We continue to do our best in providing excellent services and products to our clients and reinforce trustful relations with our partners.
www.polymetrix.com
