China International Marine Containers has struck a deal with A.P. Moller – Maersk to acquire Maersk Container Industry, a leading manufacturer of refrigerated containers, for almost $1 billion. The deal comes after MCI had its best year on record in 2020.
Under the terms of the agreement, CIMC will take over the entire business and assets of MCI, including its reefer factory in Qingdao, China, as well as its R&D and test engineering facilities in Tinglev, Denmark.