Automotive Supplier PMG acquires Chinese power metal specialist Yangzhou Leader Power Metallurgy
Effective January 4, 2022, the international automotive supplier Powder Metal Goldschmidt (PMG), headquartered in Füssen, Germany, has acquired the Chinese powder metal specialist Yangzhou Leader Powder Metallurgy Co., Ltd. (LEADER), headquartered in Jiangsu, China. The Chinese automotive supplier LEADER was founded in 1997, has around 250 employees today and specializes in the production of shock absorber components made of powder metal.