According to media reports, China Aviation Industry Corporation (AVIC) recently completed the acquisition of Henniges Automotive, a US auto parts manufacturer.
Junde Automotive
In January this year, the media reported that AVIC plans to bid $1 billion to bid for Jude. Last Saturday, Jude announced that the acquisition had been completed but did not release specific details. In the statement, Jude said that this was one of the largest Chinese companies’ acquisitions of American auto companies in history.
Jude company has changed hands several times before. In 2010, Littlejohn & Co., a Connecticut-based private equity firm, acquired Jude from Wynnchurch Capital Partners LP. This time, Jude again changed hands to AVIC. According to CEODouglasDelGrosso, Jude, the transaction price is the primary consideration in the acquisition, but transferring the company to a strategic acquirer rather than a financial company is also attractive to management.
In 2011, AVIC Group also participated in the acquisition of a controlling stake in Nexteer Automotive Group Ltd. from General Motors. However, Douglas DelGrosso stated that after the acquisition, Judd's business will not be integrated with Nexteer.
Ritek has a total of more than 6,500 employees in North America, Europe and China. Its products include seals, anti-vibration systems, rubber components, etc. Customers of Chinese subsidiaries include Shanghai Volkswagen and FAW. In 2014, its operating income reached US$825 million. .
Many industries have begun to use optical brighteners, such as paper, plastics, leather, and detergents. At the same time, fluorescent whitening agents are also used in many high-tech fields, such as fluorescence detection, dye lasers, anti-counterfeiting printing, etc., and even high-sensitivity films for high-altitude photography. In order to improve the sensitivity of photosensitive latexes, fluorescence is also used. Brightener.
In China, optical brighteners were first classified as printing and dyeing auxiliary products, and then classified as dye products. Due to its unique properties and large amount of demand, it has been separated from the above two industries and has become a separate class of fine chemical products. The first largest user of domestic fluorescent whitening agents is detergents, the second largest user is paper, and textiles are the third largest user.
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