# Wirthwein acquires full ownership of Shenyang Wirthwein Technology joint venture

Wirthwein AG acquired the remaining 50% stake in Shenyang Wirthwein Technology Co., Ltd. from its Chinese partner CAIP, effective December 1, 2020, making it a wholly-owned subsidiary.

- Type: Acquisition
- Announced: 2020-12-01
- Where: Shenyang, Liaoning, China
- Jobs: 25
- Status: completed
- Products: window frame trims for automobiles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Wirthwein AG](https://endata.com/companies/52419.md) (acquirer)
- [Shenyang Wirthwein Technology Co., Ltd.](https://endata.com/companies/52420.md) (target)
- [Changshu Automotive Trim Co., Ltd.](https://endata.com/companies/52421.md) (partner)
- [Changshu Automotive Trim Co., Ltd.](https://endata.com/companies/52421.md) (target)

## Sources

- [wirthwein.de](https://www.wirthwein.de/aktuelles/detail-aktuelles/wirthwein-erwirbt-100-prozent-an-chinesischem-joint-venture), 2021-01-11: "Wirthwein hat sich nun entschlossen, kurzfristig - mit Wirkung vom 01.12.2020 – 100 Prozent zu erwerben."
- [k-online.com](https://www.k-online.com/en/Media_News/News/WIRTHWEIN_German_auto_supplier_assumes_full_control_of_Chinese_JV_Higher_capacity_utilisation_with_follow-on_orders), 2021-01-15: "The Wirthwein family company is more flexible and can react more quickly to short-term market changes."

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