# Eterna acquires 70% of Hongjing Machinery

Shanghai Eternal Machinery Co., Ltd (Eterna), a member of Bobst Group, acquired 70% of the equity of Yancheng Hongjing Machinery Technology Co., Ltd on January 6, 2020. Hongjing will become the competence center for folder-gluers of Eterna.

- Type: Acquisition
- Announced: 2020-01-06
- Where: Dongtai, China, China
- Status: completed
- Products: folder-gluers
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Shanghai Eternal Machinery](https://endata.com/companies/44355.md) (acquirer)
- [Yancheng Hongjing Machinery Technology](https://endata.com/companies/44356.md) (target)

## Sources

- [worldofprint.com](https://www.worldofprint.com/2020/01/08/bobst-group-seeks-to-accelerate-the-transformation-of-the-packaging-production-through-strategic-investments/), 2020-01-07: "With this partnership, Eterna intends to leverage the strengths of both companies to drive innovation in the folder/gluer industry and continue to grow the business at an international level."

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