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| SKC. (사진=연합뉴스) |
[Alpha Biz=(Chicago) Reporter Paul Lee] Glenwood PE will invest CAPEX to expand its production line in Ulsan and its global plants through an additional 58 billion won worth of paid-in capital increase.
According to the investment banking (IB) industry on the 4th, Glenwood PE closed a 100% stake in SK pucore to SKC on the same day.
Previously, Glenwood PE signed a SK pucore stock trading agreement (SPA) with SKC in October last year.
Successful cases of Glenwood PE's deal include Korea Glass Industry (currently LX Glass), Dongyang Magic (currently SK Magic), and PI advanced materials.
SK pucore is a manufacturer of basic chemical materials polyol used in polyurethane. MCNS, co-founded in 2015 by SKC and Mitsui Chemical of Japan, is the predecessor. It is a leading company with a domestic polyol market share of about 40%. In 2017, it established a system house in India to secure Japanese customers such as Toyota and Nissan as well as Hyundai Motor and Samsung Electronics.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
