# Boshi Tools to acquire Jinniu Abrasives for 1.2 billion yuan

Boshi Tools (002282) announced a plan to acquire 100% of Jinniu Abrasives for an initial transaction price of 1.2 billion yuan, paid through a combination of share issuance and cash. The acquisition will expand Boshi Tools into the coated abrasives market.

- Type: Acquisition
- Announced: 2017-04-05
- Where: China
- Value: $174.0M (1.20B CNY)
- Status: announced
- Products: coated abrasives, diamond tools, power tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Boshi Tools](https://endata.com/companies/16982.md) (acquirer)
- [Jinniu Abrasives](https://endata.com/companies/16983.md) (target)

## Sources

- [cs.com.cn](https://www.cs.com.cn/ssgs/gsxw/201704/t20170405_5230166.html), 2017-04-05: "博深工具拟以发行股份及支付现金的方式购买交易对方杨建华等持有的金牛研磨 100% 股权，初步交易价格为12亿元"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.