The Chinaust Group, a 50/50 joint venture between GF Piping Systems and Lingyun Industrial Co., has acquired two Chinese companies: Shuchang Auto Part Co. Ltd and Lingyun Jingran Gas Valve Co. Ltd.
The two acquisitions contribute to GF’s further expansion in China, a key market for all GF divisions to further growth. Both have been suppliers of the Chinaust Group for years.
Shuchang Auto Part Co. Ltd manufactures quick connectors for automotive fuel lines. Lingyun Jingran Gas Valve Co. Ltd specializes on polyethylene ball valves for gas distribution networks. The privately-owned companies are located in Langfang, in the province of Hebei.
