23 September 2021
Sign up to our newsletterWant more news like this? Sign up to our newsletter.

Essentra Components completes acquisition of Chinese component manufacturer

Essentra Components has bought Jiangxi Hengzhu Electrical Cabinet Lock Co (Hengzhu) in a multi-million pound acquisition.

The acquisition will see Essentra Components obtain a majority share within the business along with its existing 500-strong workforce, distribution network and product range, with an option to extend to full ownership upon certain agreed milestones being reached.

The initial acquisition was announced in May with regulators approving the agreement in full, enabling Essentra Components to take control of the business and add more than 7,000 customers to its existing portfolio.

Hengzhu has built a presence in China as a leading manufacturer of access hardware, operating from a manufacturing plant in Yichun, Heilongjiang province, northern China. The majority (70%) of Hengzhu’s trade is conducted domesticallye.

The agreement will pave the way for Essentra Components to not only boost its customer base but also open the door for existing and future UK and European customers to benefit from new products now all under one business umbrella.

Scott Fawcett, divisional managing director at Essentra Components, said China represents a significant market opportunity for its clients: “Thanks to the acquisition, we can offer both our customers and Hengzhu’s customers components expertise across a greater range of products, giving them greater flexibility and security in their supply chains. We’re looking forward to working with the team at Hengzhu to further increase our penetration of the Asian market.”

UK-based Essentra Components has, in recent years, driven growth through strategic expansion of both its product ranges and distribution network, including the introduction of 40% post-consumer plastic LDPE components.

FAST magazine

Related Companies

Essentra Components Ltd

Similar Articles

Southco’s e-latch for parcels

In partnership with self-service solution suppliers, Southco has utilised its R4-EM electronic rotary latch as an enhanced security solution for self-service lockers. R4-EM ...

FBD's multi-point closures

As the name suggests, FDB Panel Fittings is a long-established specialist in servicing the panel building industry, so is pleased to announce that a selection of multi-point ...

FATH electronic lock award

FATH Mechatronics is a manufacturer of electronic locking systems, including the access control system TANlock 3, which has won an award from the German government.

EMKA cabinet innovations

Closure of control cabinets and enclosures in mechanical engineering must meet diverse requirements, primarily of course safety, as well as locking and operating convenience and ...


When designers at a leading manufacturer of professional and domestic aluminium ladders needed safety-critical fasteners that they could rely on for the expected lifetime of their ...

Electrical security

The components division of Optimas has boosted its extensive portfolio with the addition of cable management solutions from recognised brand Wiska.

EMKA cabinet lock guidance

EMKA has recently enhanced its online guidance for varying industrial sectors as an aid to specialist enclosure manufacturers.

Using the HARDLOCK Nut

Using the HARDLOCK Nut from Staytite provides its users with a solution to resist loosening in threaded joints that is proven to out-perform every other fastener available…

Zygology Fastening Advice

Vibration, overloading, environmental forces, external impacts & environmental forces can quickly result in a loss of function of bolted joints leading to costly, inefficient & ...