Fong's Industries acquires Possehl's textile machinery business in Germany and Austria

Fong's Industries (Hong Kong) agreed to acquire Possehl's European companies engaged in textile machinery manufacturing in Germany and Austria for EUR 50 million. Possehl will also invest EUR 9 million in Fong's Projects for a 9.9% stake.

“立信工业向合资合伙人收购德国及奥地利纺织机械制造业务”tex-asia.com

• 1 source
• tex-asia.com立信工业向合资合伙人收购德国及奥地利纺织机械制造业务_企业动态_纺织资讯_亚洲纺织联盟网-专业的纺织网站Nov 16, 2018

Summarized from public sources; check the original articles before acting on it.