SHANGHAI, Aug. 16, 2016 /PRNewswire/ -- GELITA, the world's leading supplier of collagen proteins, forms a joint venture in China with Wenzhou Jiabao Co., which is based in Wenzhou, Zhejiang Province. Both parties will invest to develop and strengthen Gelita's business in China. E. J. McKay acts as the exclusive financial advisor to Gelita in this transaction.
James Li, CEO of E. J. McKay, commented, "We are pleased to be able to act as the exclusive advisor to Gelita on this transaction. The joint venture will create a win-win situation for GELITA and Wenzhou Jiabao. This is yet another example of E. J. McKay's expertise in the food and pharmaceutical ingredients sector."
About Gelita AG
Headquartered in Eberbach, German, Gelita is the world's leading supplier of collagen proteins for the food, health & nutrition and pharmaceutical industries and for numerous technical applications.
About Wenzhou Jiabao Investment Company
Zhejiang based Wenzhou Jiabao is a Chinese group focus on food, consumer and retail opportunities in China.
About E. J. McKay
E. J. McKay is a Shanghai-based investment banking group specialized in structuring complex cross-border mergers & acquisitions, strategic partnerships, corporate finance and merchant banking transactions. Through its offices and strategic partnerships, the firm is present and active in major financial centers around the world. E. J. McKay has dedicated focus on China, and advises transactions both inbound and outbound, representing clients both local and multinational.
SOURCE E. J. McKay