Samyang Group Starts Expansion in Global Specialty Market
Targets 6 Trillion KRW Group Sales by 2025
Samyang Holdings held a share sale and purchase agreement signing ceremony with Burdent Specialty Solutions on the 15th. Eom Tae-woong, CEO of Samyang Holdings (left), and Matthias Gundlach, Managing Director of OpenGate Capital, the major shareholder of Burdent, are taking a commemorative photo. Photo by Samyang Holdings
Samyang Group is strengthening its specialty (high value-added) business and accelerating its entry into the global market by acquiring overseas companies.
Samyang Holdings (Chairman Kim Yoon) announced on the 18th that it has acquired management rights of the global specialty chemical materials company, Verdant Specialty Solutions (hereinafter Verdant). The acquisition amount is approximately 330 billion KRW.
Verdant, newly incorporated into the Samyang Group affiliates, is headquartered in Texas, USA. It focuses on amphoteric surfactants for personal care and non-ionic surfactants used in industries such as oil and gas.
Verdant has over 1,000 customers worldwide, including global personal care brands such as Unilever and L'Or?al, and employs about 300 staff members with sales of approximately 300 billion KRW. With production bases in the United States, the United Kingdom, and Germany, it is evaluated as a company with potential for steady growth in advanced markets.
This M&A aligns with Samyang Group’s management strategy of ‘fostering specialty businesses’ and ‘expanding global operations,’ aiming to enhance the structure of the health & wellness business sector and advance into the global market.
Samyang Group entered the personal care specialty business by acquiring KCI, a strong Korean SME, in 2017. By acquiring Verdant this time, it has created an opportunity for strengthening related businesses and full-scale global expansion. Samyang Group expects significant synergy creation and competitiveness enhancement between the two companies, as Verdant’s focus on amphoteric surfactants does not overlap with KCI’s cationic surfactant business group, but rather complements each other’s product portfolios.
Kim Yoon, Chairman of Samyang Holdings, said, "The core of Samyang Group’s new 100-year growth strategy is ‘specialty’ and ‘global,’ envisioning changing and enriching human life through specialty materials and solutions." He added, "To achieve this, we plan to pursue various global partnerships, M&A (mergers and acquisitions), and JVs (joint ventures) that fit the big picture, and the acquisition of Verdant will be the first step in this direction." Furthermore, Chairman Kim stated, "We will inherit the excellent assets such as technology and products cultivated by Verdant’s members and actively support them with the capabilities and know-how possessed by Samyang Group to develop Verdant into a truly leading global company."
Meanwhile, Samyang Group, which is approaching its 100th anniversary next year, is promoting its mid- to long-term growth strategy ‘Vision 2025,’ aiming to enhance its business structure and expand the proportion of specialty businesses and global markets. Across the group, it is fostering ▲ health & wellness materials ▲ advanced industrial materials such as semiconductors and secondary batteries ▲ eco-friendly materials businesses, and based on Vision 2025, it plans to leap forward as a new 100-year company.
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