Sichuan HuaFaMei Enterprise Co., Ltd. now a wholly owned Subsidiary
International specialty chemicals distributor Safic-Alcan (Puteaux (Paris), France) has announced that it has acquired the outstanding shares of Sichuan HuaFaMei Enterprise Co., Ltd. (Chengdu, Sichuan, China), thereby obtaining full control.
After acquiring an initial 50% stake in 2006, then through group member BimSiframGroup, the group is now sole owner of in Sichuan HuaFaMei Enterprise Co., Ltd. The former co-shareholder and acting President, Charles Hu, will remain in place and will continue to actively manage the business, Safic-Alcan said.
Founded in 1997, Sichuan HuaFaMei Enterprise Co., Ltd, specializes in offering active pharmaceutical ingredients (APIs), intermediates, plant extracts, chemical raw materials and other drug products. The company employs 44 people in China and had revenues of EUR 14 mn in 2015.
Source: Safic-Alcan press release
HGE / DCG – 06.07.2016