ReToEco-Solutions (RETO, Financial) has completed the purchase of a 51% equity stake in MeinMalzeBier Holdings, a company based in the British Virgin Islands. Through its subsidiaries in China, MeinMalzeBier is involved in the marketing and sales of craft beer and craft beer machines. This move, finalized on April 25, marks a significant step in ReTo's strategic expansion into the beverage industry.
Earlier this year, ReTo made its initial foray into this market by launching smart craft beer machines. The acquisition is expected to create beneficial synergies, leveraging MeinMalzeBier’s well-established sales network and industry expertise. This will likely accelerate the adoption and penetration of ReTo's new product line in the market.
The integration of the two businesses aims to extend ReTo's market presence, improve cash flow, and enhance overall financial performance. By combining resources and market experience, ReTo is poised to strengthen its position in the craft beer segment while boosting its intelligent equipment offerings.
