Suretank has announced that it has fully acquired Zhongshan Zhonghua Tank Containers Limited (ZZTC) in China.
Suretank has been a majority shareholder of the business since 2010 and purchased the remaining 33 percent of the share capital from Chiling Holdings.
Established in 2002 to produce specialized ISO tank containers, ZZTC also manufactures an extensive portfolio of offshore tanks and containers for the oil and gas sector. Manufacturing is carried out in accordance with the highest industry quality and safety standards.
Eugene O'Hagan, General Manager from Suretank China, who was recently appointed to the Board of Directors in China, commenting on the announcement said: "Suretank's acquisition of ZZTC provides us with an opportunity to better service our existing customers in the region and strengthen relationships, as well as facilitating further expansion into the Asia-Pacific offshore market. Customers don't just buy a product from Suretank, but a complete service and the Suretank brand is synonymous with safety and quality."