Unisteel Buys Treatment Plants in China

Jason Sandefur

Singapore”s Unisteel Technology Ltd. jumpstarted its surface treatment business by acquiring two treatment plants in the Wuxi-Suzhou region of China Wuxi Chansing Metal Finishing Co. Ltd. and Wuxi Gentech Co. The expansion will boost Unisteel”s presence in the automotive and industrial products markets, where demand for high-quality plating of fasteners and other engineered components is on the rise.
The combined cost of the deals is about $2.8 million.
Previously, Unisteel”s core fastening and engineered components businesses in China have been outsourcing plating operations. Unisteel”s management spent about a year putting the deals together. \ �2005 FastenerNews.com