China International Marine Containers (CIMC) has acquired AP Møller-Maersk’s box manufacturing unit, Maersk Container Industry (MCI) for $1.08bn, including net debt.
The deal confirms CIMC as the world’s largest container producer.
The takeover, which includes MCI’s reefer factory in Qingdao, China, and research and test engineering facilities in Tinglev, Denmark, sees the Maersk group exit container manufacturing.
CIMC’s largest shareholder is state-owned conglomerate China Merchants Group, and other state-owned entities, such as CITIC …