ENGINEERING trader Arnhold Holdings is negotiating the acquisition of several Shanghai manufacturers in the same field as itself.
The group is a distributor of up-market, brand-name plumbing fixtures, building materials and engineering products.
Chairman and managing director Michael Green said the negotiated projects, if they were to go ahead, would give the company both an investment return and gains as a distributor.
While he declined to give the budget for the intended acquisitions, Mr Green revealed that the factories were making plumbing products not to international standards.
But Arnhold would upgrade the firms to produce goods that complied with international standards should the acquisitions take place.
Those would be joint-venture acquisitions made together with American and European partners.