Add-on Acquisition • Forest Products

IT Tech Packaging Acquires Hebei Tengsheng Paper Co.

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

Acquisition Context

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.

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

Target Company

Hebei Tengsheng Paper Co.

China

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

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Buyer Overview 1

Buyer

IT Tech Packaging

Baoding, China

Category	Company
Sector	Forest Products
Employees	383
Revenue	76M USD (2024)

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 is based in Baoding, China.

Deal Context for Buyer	#
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

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