Freudenberg
Freudenberg 
Effective end of March 2019, the manufacturer of filtration technologies Freudenberg Performance Materials Holding SE & Co. KG, Weinheim/Germany, has acquired a majority shareholding in Apollo Air-cleaner Co., Ltd., Foshan/China. The Chinese antitrust authorities have now approved the acquisition.
The company is a leading provider of air and water filtration solutions in China. In 2017, Apollo generated sales of RMB 750 million (approx. € 96 million) with roughly 1,000 employees. Apollo will continue as a joint venture between Freudenberg (75 %) and the previous sole proprietor Apollo Trading Group, Japan (25 %), under the name Freudenberg Apollo Filtration Technologies. Freudenberg Filtration Technologies will bring its current consumer filtration business into the joint venture.