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Home > News > Company News > Bohai Harvest Acquired USA Auto Part Company by 0.572 Billion USD

Bohai Harvest Acquired USA Auto Part Company by 0.572 Billion USD

By CFM , 2015-09-17 12:00:00

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Bohai Harvest RST (Shanghai) Equiry Investment Fund Management Co., Ltd allied with AVIC Automobile Industry Co., Ltd to acquire 100% stock shares of Henniges Automotive in USA, which project was smoothly completed in Detroit City of Michigan State, involving a total value of 0.572 Billion USD.

It is introduced that Bohai Harvest RST is the first cross-border merger and acquisition fund in Shanghai Free Trade Zone, which is initiated by 4 professional investment institutions at home and abroad—Bohai Industrial Investment Fund Management Co., Ltd, Ample Harvest Capital, Rosemont Seneca Partners LLC and Thornton Group LLC. Indicated by the director taking in charge of this acquisition, the motive was to advance the auto part technology of China and further to gain a place in global auto part market.

Henniges Automotive is a leading company that is specializing in vehicle sealing and anti-vibration solutions for the global automotive industry, ranking in the second place and fourth place in American market and global market respectively. Since its inception in 2007, Henniges has been committed to its strategy of flawless execution – driving innovative solutions for its customers through flexibility, agility and transparency. Headquartered in Auburn Hills, Michigan, Henniges utilizes the talents of their associates located in six countries and across three continents to meet their customers’ growing global needs.

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