Pancosma Acquires 80% Stake in Chinese Additive Maker Keybio to build New Plant
Pancosma has acquired an 80% majority shareholding in Jangsu Keybio Biology Technology Co Ltd, a Chinese additive maker. Founded in 2010, Keybio is located in the free zone of Zhangjiagang port (located east of Shanghai) on the Yangtze River. The company has a production plant, a laboratory and two warehouses.
The deal is seen to further deploy Pancosma’s R&D expertise in China. Additionally, the construction of a new production site, coupled with the employment of additional local skills (operators, sales representatives, administrative staff), is expected to enable Pancosma to better meet the substantial needs of the Chinese market.