Freudenberg: Takeover of Apollo Air-cleaner

Takeover of Apollo Air-cleaner


Effective end of March 2019, the manufacturer of filtration technologies Freudenberg Performance Materials Holding SE & Co. KG, Weinheim/Germany, has acquired a majority shareholding in Apollo Air-cleaner Co., Ltd., Foshan/China. The Chinese antitrust authorities have now approved the acquisition.

 The company is a leading provider of air and water filtration solutions in China. In 2017, Apollo generated sales of RMB 750 million (approx. € 96 million) with roughly 1,000 employees. Apollo will continue as a joint venture between Freudenberg (75 %) and the previous sole proprietor Apollo Trading Group, Japan (25 %), under the name Freudenberg Apollo Filtration Technologies. Freudenberg Filtration Technologies will bring its current consumer filtration business into the joint venture.

Your Newsletter for the Textile Industry

From the industry for the industry – sign up for your free newsletter now

To differentiate your newsletter registration from that of a bot, please additionally answer this question: