Fenwal Inc and Golden Meditech Holdings Limited New Joint Venture

Fenwal Inc and Golden Meditech Holdings Limited are forming a joint venture in which Fenwal owns 51 percent and 49 percent is owned by Golden Meditech. Located in China it focuses on selling advanced products and technologies geared at the collection, storage and transfusion of blood. The new companies name will be Fenwal Jingjing Medical Technologies Ltd.

Fenwal brings to the venture its leadership history in blood technologies all over; while Golden Meditech is China’s leader in cord-blood banking services along with manufacturing and distribution. Offices will be located in Shanghai and Beijing. The Fenwal Amicus® blood-cell separator and the 3000H plasma exchange system will be sold and distributed at the beginning. Affiliated equipment and medical appurtenances are distributed to various blood banks and hospitals as well. The knowledge and strengths of these two companies will combine to make one global pioneer with the most advanced medical technology for blood collection.

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