In the past year, the acquisition of KUKA Home has accelerated. On November 13, KUKA Home Co., Ltd. (hereinafter referred to as “KUKA Home”) announced that it intends to obtain 51% of the shares of Quanzhou Xi Bao Home Technology Co., Ltd. (hereinafter referred to as “Xi Bao Home” for RMB 424 million through equity transfer and capital increase. ) 

Acquisition of Xi Bao Home to make up for the lack of mattress export business.

According to KUKA Home, Xi Bao Home is the leading exporter of domestic mattresses. After completing this acquisition, it can strengthen KUKA home's mattress business and make up for the shortage of mattress export. At the same time, Xi Bao's home sponge and latex production line can meet KUKA home's part of what is needed.

The funds for this transaction are mainly from the self-raised funds of KUKA Home.

Xi Bao's official website shows that Xi Bao Home is a series of products featuring “Delandis”. It owns leather sofa series, functional sofa series, fabric sofa leisure series, high-grade European solid wood furniture, office furniture, mattress series and decompression. Pillow series and leisure health products. Products are exported to more than 80 countries and regions in Europe, the United States, Japan and other countries. In 2014, Xi Bao Home opened up the domestic sales market, and its products entered the Red Star Meikailong, Actual Home, Ou Yada, Xiyingmen, Haobainian and other home stores and China Resources Vanguard, Wal-Mart, Carrefour and other commercial super systems.

(Source: JJgle.com)