Youfa Group signs deal for strategic acquisition of Cangzhou Longtaidi
2026-06-03 15:38:46 [Print]
Tianjin Youfa Steel Pipe Group Co., Ltd. has sealed a strategic cooperation agreement to acquire a 53% equity stake in Cangzhou Longtaidi Pipe Technology Co., Ltd. Upon completion of the transaction, Longtaidi will become a consolidated subsidiary of Youfa Group.
The takeover fills Youfa Group's product gap in high-end corrosion-resistant composite steel pipes. Leveraging Longtaidi's proven technologies and global market access, Youfa Group will rapidly expand into high-margin pipe markets including oil & gas, petrochemical, power transmission and municipal pipeline engineering. Under the acquisition terms, Cangzhou Longtaidi is required to generate a combined net profit of no less than RMB450 million (USD66.51 million) over the next three years, which will deliver tangible earnings growth.
The takeover fills Youfa Group's product gap in high-end corrosion-resistant composite steel pipes. Leveraging Longtaidi's proven technologies and global market access, Youfa Group will rapidly expand into high-margin pipe markets including oil & gas, petrochemical, power transmission and municipal pipeline engineering. Under the acquisition terms, Cangzhou Longtaidi is required to generate a combined net profit of no less than RMB450 million (USD66.51 million) over the next three years, which will deliver tangible earnings growth.
