Israel's Strauss, Haier expand water JV in China

Strauss Water, a subsidiary of Israeli food and beverage company Strauss Group, agreed to expand its joint venture in China with the Haier Group by including technology for water purification products that was owned by Haier. The new joint venture company, Qingdao HSW Health Water Appliance Co, will be 66 percent owned by the Haier Group and 34 percent by Strauss Water.