Frontmatec acquired the Chinese firm Jining Xinglong Food Machinery Manufacturing
The acquisition of the leading supplier of equipment to the red meat industry in China was announced on November 23 2017. Frontmatec has gained thus a strong foothold with a large-scale local production setup dedicated to the Chinese market.
China is the world’s single largest market accounting for almost 50% of all pigs slaughtered globally. The market is expected to experience strong growth going forward driven by an increased demand for more automated and high speed solutions and an increased focus on food safety.
"By combining the two companies, we have significantly strengthened our position on the Chinese market, as we can now offer access to the advanced equipment and solutions of Frontmatec for local production and market adaptation. With the close relationships to the leading food companies in China, built and nurtured so carefully by the skilled management team of Xinglong, I am convinced we have a strong platform on which to further grow our market presence in China," Henrik Andersen, CEO Frontmatec, said in a statement.
Xinglong will continue to serve the Chinese market from its base in Jining under its current legal name but will gradually adopt the Frontmatec logo and become an integrated entity of Frontmatec with support and access to relevant technologies and competences of the global Frontmatec group, according to the company's press release.
The management team of Xinglong will be led by Mr. Andres Li (with report to COO Kristian Madsen), who has taken up the position as General Manager. The former majority owner Mr. Wang will continue in the company as Vice-Chairman of the Board of Directors.
The current production facility of Frontmatec in Shanghai will gradually relocate to Xinglong’s factory in Jining whereas certain functions such as sales, engineering and project management will remain in Shanghai.
Photo: CEO Frontmatec Henrik Andersen
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