Hanson Family Holdings, the UK holding company of the sons of the late Lord Hanson, announces its first major investment into China’s industrial sector through the purchase of a significant minority interest in Sinojie (HK) Limited, a fine chemical trading and procurement business with offices in Hong Kong and Shanghai.
Hanson will acquire an initial 20% interest in Sinojie together with options to take its stake up to a controlling position within 3 years for an undisclosed considoration. The business will be renamed Sinojie Hanson Limited.
Ray Overton, Director of Sinojie Hanson Limited said, “We are very excited by the outlook for Sinojie Hanson. Its business model is built on identifying, negotiating and contracting with the industry’s most competitive producers in an increasingly globalized single market.
Cost pressures will drive the developed world’s leading pharmaceutical and chemical groups to search out alternative suppliers, and Sinojie Hanson will be there to help.”
The Hon. Robert Hanson, Chairman of Hanson Family Holdings said, “Significant synergies are expected between Hanson’s existing businesses and Sinojie Hanson’s operations, which occupy strongly complementary positions in the industrial chemicals supply chain.
This acquisition marks a first step in Hanson Family Holdings’s intention to grow its emerging market operations around the core logistics business and it expects to make similar moves over the coming months.
Background to Sinojie Hanson:
Sinojie was founded in 2005 by three principals: Ray Overton, a former technical and commercial executive with Zeneca and Avecia, who relocated to Shanghai to set up the business; Abbin Huang who has worked in the fine chemical market in China for many years; and Allan Hughes who has 30 years experience in both the fine chemicals and pharmaceutical industries.
Sinojie Hanson’s principal business is sourcing specialist industrial chemicals from manufacturers in China for end-user companies in the UK and continental Europe. Its customer base includes major multinational pharmaceutical, agrichemical and biomedical companies.
Background to Hanson Family Holdings:
The assets controlled by Hanson Family Holdings include Hanson Logistics founded in 1848 to provide transportation of wool from Huddersfield to the cottage weavers in the Pennines and beyond.
Still based in Yorkshire Hanson Logistics has extensive warehousing and transportation operations throughout the North of England, including a specialist hazardous chemicals capability for the storage, repack and solution sampling of such materials.
In addition Hanson International Freight Forwarding provides a comprehensive import/export service to all corners of the globe. The Hanson stable also includes Strand Hanson, the niche London based investment bank of which Robert Hanson is the Chairman.
Hanson Logistics: Paul Pheasey, Managing Director +441484 411 515 firstname.lastname@example.org
Sinojie Hanson: Ray Overton, Director +86 21 5230 3877 email@example.com
Hanson Family Holdings: Jonathan Harris +44 7710 066205 firstname.lastname@example.org