On July 9, 2018, the signing ceremony for the acquisition of Cross Roller Machinery (Shanghai) Co., Ltd. by Anhui Rifa Textile Machinery Co., Ltd. was successfully held in Baiyun Mountain Villa, Xinchang County. Mr. He Xuping, Chairman of Rifa Textile Machinery Co., Ltd. and Mr. Wang Chaoyang, Chairman of Cross Roller Machinery (Shanghai) Co., Ltd. signed the contract on behalf of the company. Mr. Gu Ping, the vice president of China Textile Machinery Association, and the executives of the two companies attended the testimony.
At the signing ceremony, Chairman He Xuping took the lead in speaking on behalf of Rifa Textile Machinery. He first expressed his heartfelt gratitude to the leaders and VIPs attending the signing ceremony, and highly praised the industry status and brilliant achievements of Cross Roll. Chairman He said that Anhui Rifa Textile Machinery Co., Ltd. will use the core technology, core talents, brand awareness and good customer relationship that Cross Roller has mastered to integrate the core resources, quality management team and advanced management concepts of the company. As well as the successful experience of customer resources, supporting resources and investment mergers and acquisitions in the industry, sincere cooperation, complementary advantages, mutual benefit and win-win cooperation will jointly make this market segment bigger and stronger!
Then Chairman Wang Chaoyang spoke on behalf of Cross Roller. Chairman Wang expressed his deep feelings for textile machinery and Cross Roll. Today's signing is like marrying a daughter with happiness, complexity and high hopes. After the acquisition, it is hoped that the products of Cross Roller will be further developed under the management of Rifa.
Finally, Mr. Gu Ping, Vice President of China Textile Machinery Association, spoke as a special guest. President Gu pointed out that the signing of Rifa Textile Machinery and Cross Roller is a great event in the industry and a new development opportunity for both companies. After the signing of the new project, it is necessary to integrate resources, give full play to their respective advantages, and re-enter the market with a new image to make new contributions to the development of China's textile machinery industry.
After the signing was completed, the guests on the spot cheered together to celebrate this special day. They wished the cooperation between the two parties to achieve fruitful results. It is our wish that while building a beautiful day and realizing the grand blueprint, we will make more progress for the development of the industry and social progress and make more contributions.