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  5. Synnovia Acquires Beijing Higher Shengli Printing Science and Technology

M&A Deal Summary

Synnovia Acquires Beijing Higher Shengli Printing Science and Technology

On October 31, 2013, Synnovia acquired plastics company Beijing Higher Shengli Printing Science and Technology

Acquisition Highlights
  • This is Synnovia’s 1st transaction in the Plastics sector.
  • This is Synnovia’s 1st transaction in China.

M&A Deal Summary
Date 2013-10-31
Target Beijing Higher Shengli Printing Science and Technology
Sector Plastics
Buyer(s) Synnovia
Deal Type Add-on Acquisition

Target

Beijing Higher Shengli Printing Science and Technology

Beijing, China
Beijing Higher Shengli Printing Science and Technology Co. Ltd. is a Chinese manufacturer of creasing matrix. Shengli is a profitable, privately owned manufacturer of plastic creasing matrix located in the Tongzhou District of Beijing. China is one of the world’s largest markets for plastic creasing matrix and the Chinese market is estimated by the Company to be worth approximately £5 million in annual sales and growing at a rate of between 15 and 20% per annum

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Buyer(S) 1

Buyer

Synnovia

London, United Kingdom
Category Company
Founded 2002
Sector Plastics
Revenue 82M GBP (2019)
DESCRIPTION

Synnovia is a specialist plastics products manufacturer focused on proprietary products for niche markets. The company's partners are businesses with niche applications or designs, who appreciate the technical collaboration, innovation and service that Synnovia offers. its vision is to build enduring, successful relationships with the world’s leading manufacturers through a unique blend of collaboration, innovation, and service. Synnovia was formed in 2002 and is based in London.

DEAL STATS #
Overall 3 of 5
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 3 of 5
Country (China) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-14 Palagan

Dunstable, United Kingdom

Palagan is a long established producer of high performance film packaging solutions. Palagan customises its products to between 4,000 and 5,000 different specifications. The ability to tailor products to customers' requirements and turn design solutions into in-line automated production is a key success factor and accounts for Palagan's marketplace success.

Buy £6M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-03 Flexipol Packaging

Haslingden, United Kingdom

Flexipol Packaging Ltd. is a manufacturer and supplier of polyethylene based packaging products.

Buy £11M
Mergr

Product

Company

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