Sunwin International Neutraceuticals Inc. (SUWN.OB) Savors Sweet Deal in Acquisition of Qufu Shengren Pharmaceutical Co.
Sunwin International Neutraceuticals Inc. has become a leading producer and distributor of Chinese herbs, veterinary medicines and zero-calorie natural dietary supplement, Stevioside (Stevia). The company today announced its subsidiary Qufu Natural Green Engineering Co. Ltd. has acquired Quefu Shengren Pharmaceutical Co. Ltd., a manufacturer and distributor of pharmaceutical products in China. Chairman Laiwang Zhang said the acquisition, valued at $3 million, will strengthen its partnership endeavors, and will ultimately benefit shareholders as Sunwin prepares to position itself as a global stevia producer. "We are extremely pleased to have Qufu Shengren as a part of the Sunwin family. This acquisition is…