# ETERNA acquires 70% stake in HONGJING

ETERNA (Shanghai Eternal Machinery Co., Ltd.) has completed the purchase of a 70% stake in Yancheng HONGJING Machinery Technology Co., Ltd. HONGJING will focus on producing folding-gluing lines and become the center of this business for ETERNA.

- Type: Acquisition
- Announced: 2023-04-03
- Where: Yancheng, China
- Status: completed
- Products: folding-gluing lines
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Yancheng Hongjing Machinery Technology](https://endata.com/companies/44356.md) (target)
- [ETERNA](https://endata.com/companies/69472.md) (acquirer)

## Sources

- [siko-group.com](https://www.siko-group.com/press-tsentr/eterna-priobretaet-kompaniyu-hongjing/), 2023-04-03: "HONGJING сосредоточится на производстве фальцевально-склеивающих линий и станет центром этого направления деятельности компании ETERNA."

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