# Phoenix Mecano plans to acquire 80% stake in Mei Hui Machinery Co., Ltd.

Phoenix Mecano Group plans to acquire an 80% stake in China-based Mei Hui Machinery Co., Ltd., a metalworking specialist in Zhejiang Province. The transaction is expected to close in 2019, subject to regulatory approvals.

- Type: Acquisition
- Announced: 2018-10-22
- Where: Zhejiang Province, China, China
- Status: announced
- Products: functional parts, complete assemblies from sheet steel
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Phoenix Mecano AG](https://endata.com/companies/18677.md) (acquirer)
- [Mei Hui Machinery Co., Ltd.](https://endata.com/companies/19166.md) (target)

## Sources

- [group.phoenix-mecano.com](https://group.phoenix-mecano.com/en/media/detail-page/phoenix-mecano-to-strengthen-mechanical-components-division-with-acquisition-in-asia), 2018-10-22: "The transaction is expected to close in 2019, subject to regulatory approvals."

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