Samyang Group acquires US specialty chemical company for 330 billion won - South Korean report

On the 18th, Sanyo Holdings, the holding company of the Sanyo Group, announced that it has acquired Verdant Specialty Solutions (hereinafter referred to as Verdant), an American specialty chemical materials company.
announced that it had acquired the management rights of The acquisition price is approximately 330 billion won (approximately 36,198,320,000 yen). Verdant, headquartered in Texas, produces ampholytic surfactants for personal care.
The company's main business is biosurfactants for industrial use, such as sex agents, oil, and gas. Personal care products from around the world include Unilever, the British food and household goods giant, and L'Oréal, the French cosmetics giant.
It has approximately 1,000 customers around the world, including Rand. With approximately 300 employees, the company recorded sales of approximately 300 billion won (approximately 32,915,310,000 yen). Factories in the US, UK, and Germany
The company is recognized as having the potential to continue to grow in developed markets. The company acquired Korea Composite Materials (KCI) in 2017 and entered the personal care specialty chemicals business.
I entered. Verdant does not compete with KCI's business, which is centered on Eon surfactants, and has a mutually complementary product portfolio.
I think it will be of great help in strengthening the system. The Samyang Group, which is approaching its 100th anniversary next year, is pursuing a medium- to long-term growth strategy aimed at expanding its specialty chemicals business and the global market by strengthening its business.
We are currently promoting the abbreviation "Vision 2025."