Plastics Capital, owner of C&T Matrix, is to acquire Higher Shengli, the market leader for creasing matrix in China and Far East Asia.
The deal is said to make Plastics Capital/C&T Matrix the worldwide market leader in creasing matrix, combining Shengli's well established distribution channels in China with UK-based C&T's dealer network in the rest of the world.
Faisal Rahmatallah, chairman and CEO of Plastics Capital, comments: "China is one of the fastest growing markets for creasing matrix thanks to the increasing sophistication of local packaging producers and an increase in demand within the country for consumer goods."
C&T Matrix MD Simon Shenton adds: " With now over 130 distributors across 70 countries, we are the leading producer of creasing matrix worldwide and we continue to have strong ambitions for future growth, as evidenced by acquisitions such as Shengli which bring us improved market penetration in growth territories."
