The Vetrerie Riunite of Colognola ai Colli, the leading manufacturer of technical glass for household appliances, with the help of investment bank SIMEST has acquired Suizhong Minghui Industrial Technology Ltd, an important competitor operating on the Chinese market for washing machine portholes, strengthening its presence on the Asian market.

The integration of the Asian competitor will allow Vetrerie Riunite to add further market share, going from the current 40% to over 50%.

Davide Vassena, CEO of Vetrerie Riunite, said: "The acquisition of Minghui consolidates the position of Vetrerie Riunite as a world leader in the production of glass portholes for washing machines, with a strong presence in the world and, in particular, in the markets with the highest growth rates. This goal would not have been achieved without the continued support of SIMEST and other investors in our global growth and leadership strengthening strategy. "

www.vetrerieriunite.it

Image: Fire polishing washing machine glass portals at Vetrerie Riunite