Integrating a Chinese acquisition for a French chemical giant
The Situation
A French specialty chemical company has acquired 515 of a 600 employee Chinese private company, twice the size of its first 100% acquisition in China. A smooth integration was a challenge as the objective was to change what was at risk and to maintain the good Chinese procedures after their evaluation.
The Solution
The client asked a Wil Group member to put in place a Bi-cultural Chinese senior manager, mainly to: Set up mutual confidence between the two shareholders and to improve the safety of the site with the help of French experts. Also to convince the Chinese partner that budgets planning of production, IT, and finance were necessary to accompany the Chinese JV during the first budgeting year.
The Result
Over 6 months, the mission was conducted in a smooth way by the French acquiring company. Both the client and the top management of the Chinese company were very pleased in having established the foundations of a win win cooperation which is still fully valid a year later.
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