According to media reports, China Aviation Industry Corporation (AVIC) recently completed the acquisition of Henniges Automotive, a US auto parts manufacturer. In January this year, the media reported that AVIC plans to bid $1 billion to bid for Jude. Last Saturday, Jude announced that the acquisition had been completed but did not release specific details. In the statement, Jude said that this was one of the largest Chinese companies’ acquisitions of American auto companies in history. Jude company has changed hands several times before. In 2010, Littlejohn & Co., a Connecticut-based private equity firm, acquired Jude from Wynnchurch Capital Partners LP. This time, Jude again changed hands to AVIC. According to CEODouglasDelGrosso, Jude, the transaction price is the primary consideration in the acquisition, but transferring the company to a strategic acquirer rather than a financial company is also attractive to management. In 2011, AVIC Group also participated in the acquisition of a controlling stake in Nexteer Automotive Group Ltd. from General Motors. However, Douglas DelGrosso stated that after the acquisition, Judd's business will not be integrated with Nexteer. Ritek has a total of more than 6,500 employees in North America, Europe and China. Its products include seals, anti-vibration systems, rubber components, etc. Customers of Chinese subsidiaries include Shanghai Volkswagen and FAW. In 2014, its operating income reached US$825 million. . Stabilized soil mixer is a kind of road repair machine, that uses its working device to loosen the soil in place during driving process, and evenly mixes with stabilizers ( lime, cement, asphalt, emulsified asphalt, or other chemical agents) to improve soil stability. Asphalt mixing station, mixed soil mixing station Stabilized Soil Mixing Machine Stabilized Soil Mixing Machine,Stabilized Soil Mixing Station Machine,Mobile Stabilized Soil Mixing Machine,Stabilized Soil Mixing Plant Machine SINO HEAVY MACHINERY CO., LTD. , https://www.sinoauto-machinery.com
Junde Automotive
CNAC Completes Acquisition of US Automotive Parts Manufacturers