DF China Technology Inc. entered into a conditional agreement to acquire a paper mill located in the northern part of China. The mill being acquired has annual revenue of more than $20 million.
The transaction is expected to be complete by the end of next month.
The move will allow Dransfield China Paper Corp., a subsidiary of DFCT, to more quickly complete its paper project in China as well as expanding its production capacity and national marketing channels.
The acquired mill also has 12 regional offices, mainly in northern China.
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