(Yicai Global) Jan. 16 -- Chinese  windshield-maker Fuyao Glass Industry Group will acquire Germany's  bankrupt car parts firm SAM Automotive Group to compliment its product  portfolio.

Fuyao Glass will use its European unit to  purchase SAM for EUR58.3 million (USD66.5 million), the Fuzhou-based  company said in a statement yesterday. The deal includes all of the  Bohmenkirch-based firm's assets, including production equipment, raw  materials, and finished products. 

Fuyao Glass' European unit will upgrade  SAM to add value to the new parent's products and strengthen the Chinese  firm's links with other carmakers, the statement added. 

Editor: Emmi Laine