Freudenberg on the hunt for M

German industrial firm determined to expand product portfolio despite flat Chinese sales

German privately owned industrial company Freudenberg is looking at merger and acquisition opportunities in China in a bid to expand its product portfolio and diversify its business, a senior executive said on Wednesday.

"We are constantly seeing companies as possible acquisitions, because it is part of our strategy to enlarge our footprint and stay ahead of the curve," said Hanno D. Wentzler, the Asia regional representative for the century-old German company.