# Alkegen completes acquisition of controlling stake in Luyang Energy-Saving Materials

Alkegen has completed a tender offer to obtain a controlling ownership interest in Luyang Energy-Saving Materials Co., Ltd., a Chinese producer of ceramic fibers and high-temperature insulating materials.

- Type: Acquisition
- Announced: 2022-06-28
- Where: Yuquan, Shandong, China
- Status: completed
- Products: ceramic fibers, soluble fibers, alumina fibers, high-temperature insulating materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Luyang Energy-Saving Materials](https://endata.com/companies/25280.md) (target)
- [Alkegen](https://endata.com/companies/60634.md) (acquirer)

## Sources

- [nonwovens-industry.com](https://www.nonwovens-industry.com/breaking-news/alkegen-completes-luyang-acquisition/), 2022-06-28: "Alkegen announced today that it has successfully completed a tender offering resulting in Alkegen obtaining a controlling ownership interest in Luyang Energy-Saving Materials Co. Ltd."

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