Kolmar Korea to acquire 55% of Yonwoo for KRW 286.4bn
- Deal value
- $198m
- Stake
- 55%
- Implied 100%
- $359m
- Revenue
- $198m
- Op. income
- $21m
- Multiples
- EQV/EBIT 17.4xPSR 1.8x
Deal value ÷ stake (structure unconfirmed)
2021 연결 · DART-verified
2021 연결 · DART-verified
On implied equity value
DART 20220323000205
- Target
- Yonwoo · Cosmetic containers & packaging
- Buyer
- Kolmar Korea · SI
- Seller
- CEO Ki Joong-hyun and Kim Yeo-ok
- Structure
- —
- Announced
- Apr 13, 2022
- Closed
- —
- Stage
- Signed
Target
Yonwoo is a KOSDAQ-listed maker of pump-, tube- and sample-type plastic cosmetic containers, with about 40% domestic share in pump containers, some 400 customers, and exports through PKG Group (US) and Quadpack (Europe).
Deal rationale
Kolmar Korea disclosed the purpose as expanding the cosmetics value chain and creating synergies (SBS Biz). According to Edaily, the company pursued the deal for diversification and efficiency in its cosmetics division, noting that containers account for about 30% of cosmetics cost, so in-house container production could cut costs and support overseas expansion. It bought the 55% stake held by CEO Ki Joong-hyun and Kim Yeo-ok at KRW 42,000 per share, with the balance due June 30, 2022.
| Revenue | $198m |
| Operating income | $21m |
| EBITDA | — |
| Net income | — |
2021 연결 · DART-verified · 20220323000205
Press coverage
- SBS Biz (2022-04-14): “연우 지분 55.0%를 2863억 8380만 원에 인수한다고 공시했습니다.”
- 이데일리 (2022-04-13): “한국콜마는 연우 지분 55%를 약 2863억원에 인수한다.”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.