The company announced the acquisition of one of China\'s leading office
hotel furniture factory manufacturers.
This deal will greatly improve Steelcase\'s ability to provide services to customers in the Asia-Pacific region.
The company has reached a final agreement with Ultra Group Holdings Ltd to purchase all shares of Ultra Group Ltd.
It has a subsidiary controlled by super group and has all the assets related to the Super office
hotel furniture factory business.
Ultra produces and sells a wide range of seat, desk, system and storage products for China and a wider Asian market.
Ultra\'s sales revenue for the fiscal year March 31, 2007 is about $38. 4 mln.
Steelcase has agreed to buy UGCL shares for $13 in cash.
28 mln, subject to certain posts
Closing price adjustment.
\"This acquisition will not only expand our business size and market share in Greater China, but also provide a wider range of capabilities in distribution, product portfolio, etc, support our client\'s expansion plan in Asia. . .
Clouds of
hotel furniture for sale failures surround the world of
hotel furniture suppliers in particular, simply because people don’t pay as much attention to the
hotel furniture as they should do.
We have professional skills and advanced facilities in hotel furniture and many years of experience in hotel furniture for sale industry. Choose our products at YABO Hotel Furniture, and you will get supreme buying experience in return.
Advanced technology and manufacturing equipment has enhanced the core quality of hotel furniture.
Through our distribution and marketing competencies, YABO(Hotel) Furniture Industry Co. Ltd. provides creative, customized, solutions for our customers. As a result, we achieve superior profit growth as the hotel furniture company of choice.
Further dialogue of YABO between the approaches, the chapter concludes, could lead to actionable advice on more robust policies that drive both structural change and competitiveness upgrading.
