WENLING, China and ALLENTOWN, Pa., June
19, 2020 /PRNewswire/ -- Fuling Global Inc. (NASDAQ: FORK)
("Fuling Global" or the "Company"), a manufacturer and distributor
of mainly environmentally-friendly plastic and paper foodservice
disposable products, today announced that its wholly owned
subsidiary, Total Faith Holdings Limited ("Total Faith"), has
completed the acquisition of the remaining outstanding 51% of Domo
Industry Inc. ("Domo") shares, through a share purchase agreement.
Total Faith now owns Domo in its entirety.
Domo was established in the State of
New York in 2007 and produces and distributes plastic and
paper serviceware. Prior to the share purchase agreement, Total
Faith held 49% of Domo's shares, but maintained effective contract
control over its operating results, assets and liabilities.
About Fuling Global Inc.
Fuling Global manufactures and distributes mainly
environmentally-friendly disposable serviceware for the foodservice
industry from six precision manufacturing facilities in the U.S.,
Mexico, Indonesia and China. The Company's plastic and paper
serviceware products include disposable cutlery, drinking straws,
cups, plates and other plastic and paper products and are used by
more than one hundred customers, including some of the world's most
notable quick-service restaurants and retailers, primarily in the
U.S., China, Canada
and European countries. More information about the Company can be
found at: http://ir.fulingglobal.com/.
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SOURCE Fuling Global Inc.