# Gränges completes acquisition of Shandong Innovation Group facility in China

Gränges completed the acquisition of a casting and hot-rolling facility in Shandong province from Shandong Innovation Group, with SIG acquiring a 20% stake in Gränges' Chinese subsidiary.

- Type: Acquisition
- Announced: 2024-10-25
- Where: Shandong province, China
- Status: completed
- Products: battery casings, foil, cooling plates, low-carbon aluminium
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Gränges](https://endata.com/companies/3224.md) (acquirer)
- [Shandong Innovation Group](https://endata.com/companies/23848.md) (target)

## Sources

- [alcircle.com](https://www.alcircle.com/news/granges-completes-strategic-acquisition-of-shandong-innovation-group-in-china-112351), 2024-10-25: "This acquisition secures Gränges, a state-of-the-art casting and hot-rolling facility in Shandong province."

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