Air pollution control equipment provider Ceco Environmental Corp. has signed an agreement to buy assets of Jiangyin Zhongli Industrial Technology Co. Ltd. (Zhongli), a designer and manufacturer of power industry flue gas dampers and ball mill systems in China. Terms of the transaction were not disclosed.
Founded in 2004, Zhongli is headquartered in Jiangyin City, China, and has close to 200 employees. Zhongli’s management team will remain in place. According to Cincinnati-based Ceco Environmental, Zhongli’s founder and president, Shen Guoxiang, will continue to lead the business.