Event
On May 18th, the company released a contract with Germany PrewiSchneidwerkzeuge GmbH (hereinafter referred to as “Germany Prewiâ€) to acquire the Purui Gao (Shanghai) Machinery Tool Manufacturing Co., Ltd. (hereinafter referred to as “Shanghai Pu Rui Gaoâ€). ) Announcement of 60% equity.
In the signed acquisition contract, the company will acquire a 60% stake in Shanghai Pu Ruigao held by Germany Prewi for 600,000 euros. In addition, the company must also inject $300,000 worth of funds and equipment into Shanghai Pu Ruigao. After the completion of the acquisition, Shanghai Purui Gao will be changed from a German-owned company to a Sino-German joint venture, Boshen Tools holds 60% of its equity, and Germany Prewi holds 40% of its equity.
2. Analysis and judgment
Germany Prewi is a German professional manufacturer of woodworking machinery tools. Founded in 1962, it has strong technical strength in the research and development of cutting materials and cutting tool products. It is mainly engaged in the manufacture and sales of various diamond and carbide tool products. And repair sharpening services, its products are PCD tools, shaped tools and so on. In April 2005, Prewi of Germany invested in Pu Ruigao Machinery Manufacturing Co., Ltd. in Shanghai, China. Shanghai Pu Rui Gao is mainly engaged in the production of tools and fixtures. The main products include diamond cutters and carbide cutters, and provide customers with diamond sharpening services and carbide grinding services. Germany Prewi has rich experience in production and has strong equipment and technical advantages. Its hard alloy diamond tools are high-end products. Shanghai Pu Ruigao inherits the advantages of German Prewi equipment and technology.
Prewi of Germany has taken a fancy to China's vast market space and invested in the establishment of Shanghai Pu Rui Gao Machinery Tools Manufacturing Co., Ltd. However, due to the lack of experience in the Chinese market and the weak management of the company, Shanghai Pu Ruigao is not because of its technology. The advantages have been well developed. Boshen has extensive experience in expanding the domestic market and managing diamond tool companies. After the acquisition of Shanghai Pu Ruigao, the company can use its marketing and corporate management advantages to accelerate the future development of Shanghai Pu Ruigao, and with the help of Pu Ruigao The technical advantages of developing Boshen tools.
The company of Shanghai Pregao is small in scale, and its current production capacity does not significantly enhance the sales revenue of Boshen Tools. Therefore, we believe that the acquisition of Shanghai Pu Rui Gao will not have much impact on the company's EPS in the short term. However, in the long run, the acquisition of Shanghai Pu Rui Gao will help the company to enhance its technological advantages and help the company achieve its strategic planning for high-end products.
Melamine Particle Board is mainly used for furniture and carriage of bus, train.The bace&back are the Veneer surface, such as Okoume, Bintangor, Pine, Birch, Poplar, Pencil cedar, Maple, Cherry, White Oak, Sapele, Beech, Red Oak, Ash etc.Melamine paper is the most popular to be as the face board, it is abrasion resistant, heat resistant, fouling resistant, clean is simple.The Engineering Wood is also as the face and back surface. It is more cheaper and beautiful, can reach the same wood grain effect as the veneer surface.And we have High Quality Particle board .LULI Group Co. Ltd, well known as the leading manufacturer for wooden, steel and paper products, located in Shouguang, Weifang, Shandong, China. Since the foundation in 1985, it focus on the production of Plywood , venner, MDF , Particle Board , Door Skin , Blockboard , Finger joint board, OSB , paper, Steel etc.And we have Outdoor Melamine Particle Board.
Melamine Particle Board Details:
size:1220*2440MM 1250*2000MM 1525*2440MM 1830*2440MM
THICKNESS:9MM-40MM
MATERIAL:POPLAR, COMBINE, PINE
GLUE:E0, E1, E2
CERTIFICATION:CARB, FSC, CE
Melamine Particle Board
Melamine Particle Board,Melamine Faced Particle Board,Outdoor Melamine Particle Board,Melamine Laminated Particle Board
Luli Group Co.,Ltd. , http://www.cnluli.com