CFL prepares for next growth sprint

HomeNewsCFL prepares for next growth sprint

CFLHong Kong, China— CFL said it is allowing private equity investors to join the company in order to prepare for its next growth sprint, all the while keeping a strong overall majority ownership.

According to the company, the new investors will allow CFL to accelerate its international expansion as well as further its reach within the Chinese market. While the investors will not drive operations, they will bring with them the know-how related to international financing, HR, corporate governance and public relations, the company said. CFL said it will continue to bring first-to-market technologies to the industry allowing its loyal customer base to differentiate and excel in the market.

In addition, CFL’s production facility in Calhoun, Ga., which broke ground in 2020, is now fully operational, according to the company. In addition to its U.S., Taiwan, Vietnam and Southern Shanghai operations, CFL said it also started a large, new facility in Hunan, China.

CFL has been growing rapidly over the past years, now employing 4,500 people and invested more than $140 million in the last 18 months. The company has grown about 50% in 2021 with a very strong order book going into 2022, the company said.

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