Ravago acquired Lomold's compounding facility
Ravago is pleased to announce the acquisition of the compounding facility of Lomold, located in Huzhou, China. The acquisition includes the businesses of Huzhou Lomold High-Technology Environmental Plastics Co., Ltd. and Lomold Composite Solutions (Shanghai) Co., Ltd..
Commenting on the deal, Theo Roussis, CEO-President of Ravago said, “We strongly believe that Asia is one of the key growth areas for our global business. Moreover, China comes at the top place to invest thanks to its vibrant and entrepreneurial business environment. We know the Lomold teams well and given their excellent knowledge and experience of the Chinese market, their local expertise will result in a strong fit to Ravago's global reach and will bring the requisite added value added to the entire group.”