Oaktree-Backed Fusheng Buys German Air Compressor Maker

Law360, New York (November 30, 2012, 2:08 PM EST) -- Oaktree Capital Management LP-backed Fusheng Industrial Co. Ltd. has acquired German air compressor and filtration company Almig Kompressoren GmbH, Taiwan-based Fusheng said Friday.

Fusheng Industrial, the largest manufacturer of industrial-grade air compressors in the Greater China region, will acquire all of the operations of Almig. The German company, which has been in business for more than 80 years, is one of Europe's leading suppliers of advanced compressed air systems.

Terms of the deal were not disclosed. Fusheng and Almig representatives were not immediately available for comment...
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