Boshen Tools announced on the 17th that the company recently signed a purchase contract with Germany's PrewiSchneidwerkzeuge GmbH (hereinafter referred to as "Germany's Prewi") to acquire the Pu Ruigao (Shanghai) Machinery Tool Manufacturing Co., Ltd. (hereinafter referred to as "Shanghai Pu Rui" High") 60% equity. The agreement entered into force on May 15, 2010. According to reports, Boshen Tools signed a purchase contract with Germany's Prewi in Herford, Germany on April 24 this year, and acquired a 60% stake in Shanghai Pu Rui, held by Germany's Prewi for 600,000 euros. In addition, the company must also inject $300,000 worth of funds and equipment into Shanghai Pu Ruigao.
Prior to the acquisition, Prewi Germany held a 100% stake in Shanghai Pu Rui Gao. After the completion of the acquisition, Shanghai Purui Gao will be changed from a German-owned company to a Sino-German joint venture, the company holds 60% of its equity, and Germany Prewi holds 40% of its equity. According to the data, the German Prewi was founded in 1962. It is a famous German woodworking machinery tool manufacturing company with strong technical strength in the research and development of cutting materials and cutting tool products. Shanghai Pu Ruigao was established in April 2005. It mainly produces tools and fixtures. The main products include diamond cutters and carbide cutters.
Investment highlights:
It is a leading enterprise in China's diamond tool industry. It mainly produces and sells diamond tools, electrical tools and alloy tools. The leading products are diamond circular saw blades, diamond engineering thin-wall drill bits, diamond grinding discs, diamond soft-grinding discs, and small-scale construction. Machine tools, general-purpose power tools, carbide tools, etc.
At present, Boshen Tools has formed a main business structure with diamond tools as the mainstay and supplemented by small construction machinery and hard alloy tools. It has an annual output of 10 million diamond tools and 70,000 small construction machines. ), the production capacity of 800,000 pieces of cemented carbide tools. The product system covers more than 2,000 varieties including “cuttingâ€, “drilling†and “grindingâ€. It is one of the few domestic enterprises that develop and produce the above three types of tool products at the same time.
As a key high-tech enterprise of the National Torch Program, a high-tech enterprise in Hebei Province, and a key support enterprise in China's electromechanical products export, Boshen Tools has a leading competitive advantage (the fund's net worth, fund). Compared with domestic counterparts, Boshen has a wide range of products, strong supporting capabilities and high technical content. Compared with foreign counterparts, the company's products are cost-effective and the technical quality is constantly improving.
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