M&A Deal Summary

IT Tech Packaging Acquires Hebei Tengsheng Paper

On June 25, 2019, IT Tech Packaging acquired forest products company Hebei Tengsheng Paper for 320M CNY

Acquisition Highlights
  • This is IT Tech Packaging’s 1st transaction in the Forest Products sector.
  • This is IT Tech Packaging’s 0th largest (disclosed) transaction.
  • This is IT Tech Packaging’s 1st transaction in China.

M&A Deal Summary
Date 2019-06-25
Target Hebei Tengsheng Paper
Sector Forest Products
Buyer(s) IT Tech Packaging
Deal Type Add-on Acquisition
Deal Value 320M CNY

Target

Hebei Tengsheng Paper

China
Hebei Tengsheng Paper Co. Ltd. manufacturing and distribution of tissue papers. Hebei Tengsheng Paper is based in China.

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Buyer(S) 1

Buyer

IT Tech Packaging

Baoding, China
Category Company
Founded 1996
Sector Forest Products
Employees383
Revenue 87M USD (2023)
DESCRIPTION

IT Tech Packaging is a manufacturer and distributor of diversified paper products in North China. Using recycled paper as its primary raw material (with the exception of its tissue paper products), ITP produces and distributes three categories of paper products: corrugating medium paper, offset printing paper and tissue paper products. IT Tech Packaging was founded in 1996 and is based in Baoding, China.

DEAL STATS #
Overall 1 of 1
Sector (Forest Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (China) 1 of 1
Year (2019) 1 of 1
Mergr

Product

Company

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