Paslin management, including CEO Kirk Goins, will remain with

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Warren-based Paslin Co. has been acquired by China robotics manufacturer Zhejiang Wanfeng Technology Development Co. Terms of the deal , which closed Wednesday, were not disclosed.Paslin management, including CEO Kirk Goins, will remain with the company.The deal is expected to provide an influx of capital to Paslin, an assembly line robotics manufacturer best replica designer handbags , to expand, the company said in a news release.“We have been impressed by Paslin’s ability to perform well in the NAFTA (North American Free Trade Agreement) region, as well as the company’s longstanding commitment to growing its business by working closely with customers to meet their needs in an ever-changing automotive market,” Tommy Wu, Wanfeng’s chairman and CEO, said in a release. “We plan to continue to focus on NAFTA execution commitments and support the existing Paslin expansion plans in the North American market.”Paslin operates at three locations in Warren and one in Shelby Township and employs 700. The company spent nearly $21 million expanding those locations in the past few years.Wanfeng’s parent, Wanfeng Group, generated revenue of $3 billion in 2015 and employs more than 12,000 in the sectors of auto parts manufacturing, robotics, aviation, financial services and industrial.  Related LinksU.S. manufacturing shrinks for 2nd month amid global slowdownWorld Watch: Michigan companies doing business in ChinaMichigan board approves $5 million to boost Chinese investmentState allocates $5 million to Michigan-China Innovation Center, names leadership

Warren-based Paslin acquired by China’s Wanfeng

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