In January 2020, Unifrax, a global leader in the field of thermal insulation and refractory materials, completed its acquisition of the assets of Shenyang Jiuqing Dongxiang Glass Products Co., Ltd. ("DX"), a leading provider of high-performance specialty fibers in China.
Unifrax is a world leader in high-performance specialty fibers and inorganic materials used in high-temperature industrial, filtration, batteries and fire protection applications that save energy, reduce pollution and improve fire safety for clients. Unifrax owns 31 manufacturing facilities in the United States, Europe, Middle East, Russia, Asia, South Africa and Latin America, and has more than 2,300 employees worldwide. Unifrax is also the major investor of Luyang Energy-saving Materials Co., Ltd., an industry leader in the Chinese refractory insulation market. DX is a privately owned enterprise controlled by the Li family which specializes in the mass production of glass products. This acquisition will bring additional specialty fiber solutions to Unifrax's global business platform, strengthen Unifrax's global leadership in the field of new high-value specialty fibers, and marks a milestone in Unifrax's long-term growth strategy.
As the PRC legal counsel to Unifrax, Llinks in this acquisition provided professional legal services in all aspects including but not limited to transaction structure designing, legal due diligence, transaction documents drafting and closing, with its extensive experience in cross-border M&A and solid legal knowledge.
