BGF Acquires Engineering Plastic Manufacturer Kopra

[Asia Economy Reporter Park Soyeon] BGF announced on the 4th that it will acquire KOPLA, a specialized manufacturer of engineering plastics.

BGF will acquire 44.3% of KOPLA's shares for 180.9 billion KRW and invest a total of 250 billion KRW, including 70 billion KRW in convertible bonds and bonds with warrants. This is the largest investment since BGF transitioned to a holding company in 2017. The scheduled stock acquisition date is the 22nd of next month.

KOPLA is a company that produces high-performance engineering plastic materials used in automobiles, electronics, construction, and other industries.

In particular, the production ratio of high-performance plastics for automobiles, which are being lightweighted to improve fuel efficiency, accounts for 80%.

As a KOSDAQ-listed company, it has production subsidiaries in the United States and China, and a distribution and sales subsidiary in India.

BGF expects that this acquisition will allow it to secure a leading position in the functional plastics material market and create synergy with its existing businesses.

Additionally, BGF plans to grow KOPLA into a global company by pioneering new sales channels in the functional plastics material industry, such as electric vehicles and aerospace, and develop it as a future growth engine for the group.