China: Wanxiang Corporation Successfully Purchased Rockford Company(USA)

Recently, Wanxiang Corporation Has Successfully Purchased Rockford Company. Based on agreement , Wanxiang would hold 33.5% share of Rockford and be the No.1 shareholder. Wanxiang is the famous enterprises of China.By now, it has established or purchased or annexed 26 foreign companies overseas. Rockford Company was founded in 1890, has a history of 113 years by now. Its wing-shaped jointer covers 70% marketing of America.