# King Lai to acquire Shandong Bihai for 260 million yuan

King Lai (Xinlai Yingcai) announced plans to acquire 100% of Shandong Bihai Packaging Materials for 260 million yuan. The target company produces aseptic packaging materials and liquid food packaging machinery. The sellers guarantee combined net profit of at least 72 million yuan for 2018-2020.

- Type: Acquisition
- Announced: 2018-01-15
- Where: Shandong, China
- Value: $41.0M (260.0M CNY)
- Status: announced
- Products: paper-aluminum-plastic aseptic packaging materials, liquid food packaging machinery
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [King Lai](https://endata.com/companies/29383.md) (acquirer)
- [Shandong Bihai Packaging Materials](https://endata.com/companies/29384.md) (target)

## Sources

- [finance.ifeng.com](https://finance.ifeng.com/c/7ZyCTbs3MTm), 2018-01-15: "新莱应材拟以2.6亿元的价格购买山东碧海包装材料有限公司100%股权。"

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