Divestiture • Metals/Mining

Tantech Holdings Acquires Lishui Xincai Industrial Co.

On January 10, 2018, Tantech Holdings acquired metals/mining company Lishui Xincai Industrial Co. from Shanghai Shicai Minerals Co. for 18M USD

Acquisition Context
  • This is Tantech Holdings’ 1st transaction in the Metals/Mining sector.
  • This is Tantech Holdings’ 2nd largest (disclosed) transaction.
  • This is Tantech Holdings’ 2nd transaction in China.

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M&A Deal Summary

Date January 10, 2018
Target Lishui Xincai Industrial Co.
Sector Metals/Mining
Buyer(s) Tantech Holdings
Sellers(s) Shanghai Shicai Minerals Co.
Deal Type Divestiture
Deal Value 18M USD

Target Company

Lishui Xincai Industrial Co.

Guizhou, China
Lishui Xincai Industrial Co., Ltd. holds a government-issued permit and has the exclusive right to mine a 0.11-square-kilometer marble quarry in the southwestern province of Guizhou, China.
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Buyer Overview 1

Buyer

Tantech Holdings

Lishui, China

Category Company
Founded 1998
Sector Diversified
Employees69
Revenue 43M USD (2024)
DESCRIPTION

Tantech Holdings is a developer and manufacturer of bamboo-based charcoal products in China and internationally. It operates through three segments: Consumer Products, Trading, and Biofuel Energy. The company produces pressed and formed charcoal briquettes for use in grills, incense burners, and other applications under the Algold brand. It also offers Charcoal Doctor branded products, such as air purifiers and humidifiers, automotive accessories for air purification, underfloor humidity control, pillows and mattresses, wardrobe deodorizers, mouse pads and wrist mats, refrigerator deodorants, charcoal toilet cleaner disks, liquid charcoal cleaners, shoe insoles, and decorative charcoal gifts. Tantech Holdings was founded in 1998 and is based in Lishui, China.


Deal Context for Buyer #
Overall 2 of 2
Sector: Metals/Mining 1 of 1
Type: Divestiture 1 of 1
Country: China 2 of 2
Year: 2018 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 Suzhou E Motors Co.

Zhangjiagang, China

Suzhou E Motors Co., Ltd. is a designer, developer, manufacturer, and marketer of electric vehicles ("EVs"), EV powertrain components, parts, and accessories in China.

Buy $25M

Seller Profile 1

SELLER

Shanghai Shicai Minerals Co.

China

Category Company
Sector Automotive
DESCRIPTION

Shanghai Shicai Minerals Co., Ltd. is a designer, manufacturer and distribution of electric vehicles ("EVs"). Suzhou E Motors offers a wide range of EVs, including urban sanitary vehicles, electric logistics vehicles and mini tourist buses with current annual capacity of approximately 5,000 EVs.


Deal Context for Seller #
Overall 1 of 1
Sector: Metals/Mining 1 of 1
Type: Divestiture 1 of 1
Country: China 1 of 1
Year: 2018 1 of 1
Size (of disclosed) 1 of 1

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