Fosber deal completed Dong Fang acquires remaining shares in Italian corrugator manufacturer
Massimiliano Bianchi, President of Fosber Group, has confirmed that Chinese OEM, Dong Fang Precision, has now completed the acquisition of all the remaining shares in Fosber, according to the original buy-out deal that was agreed back in 2013. The final buy-out, for the remaining 40% of the shares, took place on 1st September, 2017.
"It is very much business as usual for us at Fosber Group, and we will continue to create value for our customers by way of forging long-lasting relationships that allow for growth in their businesses by running our equipment,” confirms Bianchi.
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