Chinese firm defaults on loan used to buy Ingram Micro

摘要

Because of mounting financial problems, Chinese government officials have seized control of the parent company of Ingram Micro, which has a global ITAD division. Irvine, Calif.-based Ingram Micro was acquired by Chinese company HNA Group for $6 billion in 2016, amid a buying spree by HNA. A worldwide technology products supplier representing major OEMs, Ingram Micro also runs an ITAD division, called Commerce and Lifecycle Services, which has three facilities in the U.S and over a dozen in other countries.