ReTo Eco-Solutions closes acquisition of 51% equity interest in MeinMalzeBier

ReTo Eco-Solutions (RETO) announced that on April 25 it has closed the acquisition of 51% equity interest of MeinMalzeBier Holdings, a British Virgin Islands business company, a company engaged, through its PRC operating subsidiaries, in the marketing and sales of craft beer and craft beer machines in China. Earlier this year, ReTo launched the sales of its proprietary smart craft beer machines, marking a strategic expansion of its intelligent equipment into the beverage market. The acquisition of MeinMalzeBier is expected to create strong synergies with the Company’s new product line, leveraging MeinMalzeBier’s established sales network and market experience to accelerate product adoption and market penetration. The combination of the two businesses is expected to enhance the Company’s market reach, improve cash flow, and contribute positively to its overall financial performance.