Ferraz Shawmut’s Parent Company Acquires Stake In Chinese Firm

Ferraz Shawmut, Newburyport, Mass., said it will acquire a majority shareholding in the Chinese company Zhejiang Mingrong Electrical Protection (MEP). This joint venture continues Carbone Lorraine’s rapid expansion in Asia, and it positions Ferraz Shawmut to become a platform for new product development for Asian markets, the company said.

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