Wenzhou, China, July 25th, 2016 – GELITA, the world’s leading supplier of collagen proteins, completed a Joint Venture in China with Wenzhou Jiabao Co. based in Wenzhou, Zhejiang Province. Both parties will invest to develop and strengthen Gelita’s business in China. E. J. McKay acts as the exclusive financial advisor to Gelita in this transaction.
James Li, CEO of E. J. McKay, commented, “We are pleased to work with Gelita. The Joint Venture will create a win-win situation for Gelita and Wenzhou Jiabao. This is yet another example of E. J. McKay’s expertise in the food and pharmaceutical ingredients sector.”
About Gelita AG
Headquartered in Eberbach, German, Gelita is the world’s leading supplier of collagen proteins for the food, health & nutrition and pharmaceutical industries and for numerous technical applications.
About Wenzhou Jiabao Investment Company
Zhejiang based Wenzhou Jiabao is a Chinese group focus on food, consumer and retail opportunities in China.