PN Krauss Maffei cartoon 600

Analysis: Is KraussMaffei a good fit for ChemChina?

Detroit, Michigan – Deep pockets, big appetite and a fierce focus on overseas expansion. That sums it up for China National Chemical Corp. (ChemChina) and its ongoing worldwide acquisition spree.

In addition to the $1 billion KraussMaffei deal, state-owned ChemChina also recently snapped up Italian tire maker Pirelli & C. SpA. for about $7.7 billion. Outside the polymer business, ChemChina also reportedly made a $44 billion bid for Syngenta AG as recent as last month.

The mastermind behind all this is ChemChina Chairman Ren Jianxin, a 58-year-old…

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