SHENZHEN's China International Marine Containers Group (CIMC), the world's biggest box maker, has purchased Maersk's box manufacturing unit for $1.09 billion, reports Caixin.
The deal will give the Chinese mainland company control of half of the global container market.
cimc will take over all of Maersk Container Industry (MCI)'s assets and employees, including its reefer factory in Qingdao as well as its R&D and test engineering facilities in Tinglev, Denmark, Maersk said. The deal is subject regulatory approval.
CIMC won the bidding among several suitors, including Chinese home appliance giant Midea, US air conditioning giant Carrier Global, transport temperature-control systems manufacturer Thermo King, Japan's Daikin Industries and buyout firm Triton.
SeaNews Turkey
The deal will give the Chinese mainland company control of half of the global container market.
cimc will take over all of Maersk Container Industry (MCI)'s assets and employees, including its reefer factory in Qingdao as well as its R&D and test engineering facilities in Tinglev, Denmark, Maersk said. The deal is subject regulatory approval.
CIMC won the bidding among several suitors, including Chinese home appliance giant Midea, US air conditioning giant Carrier Global, transport temperature-control systems manufacturer Thermo King, Japan's Daikin Industries and buyout firm Triton.
SeaNews Turkey
