Sanhua Acquires U.S.-based R-Squared

After a nine-month negotiation, Sanhua has acquired 100% share of the U.S.-based R-Squared Puckett, with an investment of US$10 million. The official announcement was made on January 18, 2013. This acquisition marks the first step of Sanhua’s international manufacturing development, laying a solid foundation for further expansion of its product portfolio in North America.