Amiad Filtration Systems, a provider of water filters and filtration systems for the industrial, municipal and irrigation markets, acquired the remaining 50 percent of its Chinese subsidiary, Yixing Taixing Environtec Co. Ltd., for $3.1 million. The acquisition is expected to help Amiad expand its foothold in China and is aligned with the company”s current global expansion strategy, including the recent acquisition of competitor Arkal.
Yixing Taixing Environtec Co. Ltd.”s current management team, led by Deputy Chairman Mr. Bolong Hsu, will remain in place, ensuring a smooth and seamless transition. Headquartered in Yixing, Yixing Taixing Environtec Co. Ltd includes five regional offices across China, as well as in-country manufacturing facilities, which Amiad believes will increase its ability to target new customers and allow it to produce its filtration systems locally. The ability to manufacture in China is expected to allow Amiad to significantly reduce prices on the products it sells to its Chinese customers.