Cambelle-Inland Forms Strategic Alliance with China Gerui Advanced Materials Group
05/13/2013 - China Gerui Advanced Materials, a high-precision, cold rolled steel producer in China, engaged Cambelle-Inland, the China investment vehicle of Craig T. Bouchard to advise it on strategic planning and expansion in North America and around the world.
China Gerui Advanced Materials, a high-precision, cold rolled steel producer in China, engaged Cambelle-Inland, the China investment vehicle of Craig T. Bouchard to advise it on strategic planning and expansion in North America and around the world.
"We plan to globalize our business through accretive acquisitions while continuing to focus on organic growth opportunities," said Mr. Mingwang Lu, chairman and chief executive officer of China Gerui Advanced Materials Group. "During the next few years, we will create a blend of Chinese, American and European revenues, and a large and loyal international customer base. We feel now is the appropriate time to expand our footprint internationally and welcome the support of Cambelle-Inland and Mr. Bouchard in this next phase of our growth."
"We are excited about participating in the globalization of China Gerui and using it as our platform in China," added Craig T. Bouchard, chairman of Cambelle-Inland. "We have been following and investing in the company for the past two years, and are strong supporters of its entrepreneurial leader Mingwang Lu. The company's operating margins in recent years have been among the best in the industry, and, even in today's turbulent China marketplace, China Gerui's business remains profitable and strong. We look forward to working with Mr. Lu and his team to lead China Gerui into its next stage of development."
Cambelle-Inland is a company founded in 2013 to house the China initiatives of Craig T. Bouchard and his partners. Mr. Bouchard, and his affiliates are shareholders in China Gerui Advanced Materials Group Limited.
China Gerui Advanced Materials Group Limited is a leading niche and high value-added steel processing company in China. The company produces high-end, high-precision, ultra-thin, high-strength, cold-rolled steel products that are characterized by stringent performance and specification requirements that mandate a high degree of manufacturing and engineering expertise. China Gerui's products are not standardized commodity products. Instead, they are tailored to customers' requirements and subsequently incorporated into products manufactured for various applications. The company primarily sells its products to domestic Chinese customers with an emerging presence with international customers in a diverse range of industries, including the food and industrial packaging, construction and household decorations materials, electrical appliances, and telecommunications wires and cables.
