China's CIMC to buy Maersk's cold container business for $1.1bn

World's largest shipping box maker targets refrigerated market

20210928 CIMC and MAERSK

CIMC said its leverage will increase 'slightly' after buying Maersk Container Industry. (Photos courtesy of CIMC and Maersk)

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- China International Marine Containers (Group), the world's largest maker of shipping containers, is set to expand its reach in refrigerated ones via a $1.08 billion deal with Danish conglomerate A.P. Moller-Maersk.

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