/ AsG/August 10, 2022 Guangzhou -- Kangmebao, the world's leading supplier of aseptic carton and filling system solutions, today announced the completion of the acquisition of Evergreen Asia (hereinafter referred to as Evergreen Asia). This marks the formal entry into the field of low-temperature liquid food, with more stable product supply and constantly strengthening service level and research and development strength, deepening the layout in the Asia-Pacific region, to meet the market's growing demand for liquid food paper packaging.
Recently, focusing on the rapid expansion of low temperature liquid food market in the Asia-Pacific region, as well as the continuous improvement of cold chain facilities system, the upstream and downstream of the industry have made efforts in this field to open up new growth points. In response to the increasing market demand for safe and sustainable packaging, Kangmebao continues to deepen its strategic layout. Through the acquisition of Vergreen Asia, Kangmebao expands its low-temperature packaging business, strengthens its ability to serve products in different sectors, and further strengthens its strength in sustainable packaging by combining Vergreen Asia's expertise in sustainable development. "The growth potential of the Asia Pacific market and the favorable business environment reinforce our confidence in the long-term development of the region," said Mr. Lidong Fan, Chairman and General Manager of the Asia Pacific Region. As another important milestone in our local development, with the acquisition of Only Green Asia, we hope to seize the development opportunities in the cryogenic liquid food market, launch a richer product portfolio with more solid research and development strength, and create value for customers by comprehensively improving our service level to meet consumers' upgrading demand for packaging."
< /p>< /p>Our three factories and product lines in Shanghai, Taiwan and South Korea have been integrated into our business in the Asia Pacific region, which is operated jointly by our existing teams. Kangmebao will integrate the acquisition of factories, the existing supply chain system and research and development base, give full play to regional synergies, and form a comprehensive layout of the whole industrial chain integrating research and development, filling, packaging materials and services. In addition to fully absorbing the marketing experience of Only Green Asia, Kang Mebao is also committed to introducing the systematic technology in the field of aseptic packaging at normal temperature into the field of low-temperature liquid food, accelerating innovation with the leading production process and research and development capability, providing better end-to-end solutions, enabling the development of packaging industry.
