Samyang Holdings, a historic global conglomerate from South Korea, announced that it will acquire a controlling interest in Verdant Specialty Solutions, a U.S.-based specialty chemicals manufacturer, as part of Samyang Group’s long-term growth strategy, Vision 2025.
The $250 million acquisition from private equity firm OpenGate Capital means the group’sAiming to expand specialty business and global share by upgrading business structure” said a Samyang Holdings spokesperson. The company’s press release details the following:Samyang Group looks forward to synergies and enhanced competitiveness based on Verdant and KCI’s complementary product portfolios.”
Leading up to the acquisition
Samyang Group entered the personal care specialty ingredients market in 2017 with the acquisition of Korean company KCI.We sell cationic surfactants of natural origin and natural hair conditioning agents, polyquaternium-10 hair conditioning shampoos, methacryloyloxyethylphosphorylcholine (MPC), a biocompatible material that mimics skin cell membranes, and various raw materials for hair and skin care products. .” explained a Samyang Holdings spokesperson.
Since then, KCI”It was the second product in the world to be successfully commercialized and is used in a variety of fields including cosmetics, contact lenses, and medical devices.” said a Samyang Holdings spokesperson. Recently, the company hasEntering the high value-added market with improved biodegradability and functionality” they added.
Samyang & Verdant
Samyang Holdings has decided to acquire the management rights of Verdant Specialty Solutions.Strengthen related businesses and pave the way for full-scale global expansion” said a company spokesperson.
Because of Verdant.”Diverse customer base of over 1,000 customers worldwide, including global personal care brands such as Unilever and L’Oréal”, a spokesperson explained, the company “Accounts for approximately 13% of the amphoteric surfactant market in the US and Europe,”,and”Production bases in the US, UK, and Germany”, a spokesperson said, making Verdant an ideal choice for Samyang Holdings to achieve its growth and expansion goals.
Therefore, they continued:By leveraging Verdant’s network, production facilities and expertise, the company aims to expand the reach of Verdant’s core products in the Asian market, as well as expand into the global personal care materials market.”
The acquisition fits well into Samyang Holdings’ existing portfolio, they added. ”KCI is focused on cationic surfactants, and Verdant and KCI’s complementary product portfolios are expected to create synergies and strengthen competitiveness.”
Growth and expansion through “Vision 2025”
Samyang Group, a major Korean food company,Promote medium- to long-term growth strategy “Vision 2025” and aim to expand specialty business and global share by refining business structure” said a company spokesperson.
therefore, “Under Vision 2025, the entire group is developing a variety of materials in the fields of health and wellness, semiconductors, secondary batteries, and the environment, aiming to make a new leap forward for the next 100 years.” they explained.
The acquisition of Verdant is the first step in Samyang Group’s long-term plans.We will enter the global surfactant market in earnest and expand our specialty surfactant business for home care and personal care. Industrial applications such as oil and gas, paints and coatings, and agriculture.food; and medicine” the spokesperson further said.
Furthermore, we will continue toProvide solutions and technical services to customers in the cosmetics and personal care industry” they said.
The spokesperson continued:We have differentiated technologies in the fields of chemicals (with a focus on polycarbonates for automotive engineering plastic materials), food (with alternative sweeteners such as allulose), and biopharmaceuticals (with biodegradable sutures). and exports these materials to the United States.However, the next step in the company’s growth strategy involves strengthening “.We will develop our environmentally friendly specialty materials business and strengthen our position in the United States.” they concluded.
