2007-02-28 | Qingdao
Qingdao, China, February 28, 2007 - E. J. McKay & Co. today announced the acquisition of the rubber machinery business from Qingdao Over-World Group by India's Larsen & Toubro Limited. E. J. McKay acted as the exclusive financial advisor to Larsen & Toubro in the transaction.
Established in 1966, Qingdao Over-World Group is a diversified industrial machinery manufacturing group based in Qingdao, China. Over-World's rubber machinery business was established in 1982. With 25 years' industry experiences, Over-World supplies high-quality rubber making equipment to the domestic market and exports to countries such as the United States, Japan, Korea, Peru, Kenya, and Viet Nam.
Founded in 1938 and with a 2006 turnover of US$4 Billion, Larsen & Toubro is the largest engineering and construction group in India, with diversified business interests spanning many sectors, encompassing sectors such as Engineering, Construction, Electronics, Information Technology, and industrial services.