# Flask to acquire Dongmyung Machinery for KRW 8.5 billion

Flask has agreed to acquire industrial refrigeration component maker Dongmyung Machinery for KRW 8.5 billion, making it a wholly owned subsidiary. Dongmyung Machinery is a tier-one supplier to LG Electronics.

- Type: Acquisition
- Announced: 2026-11-09
- Where: Wanju, North Jeolla Province, South Korea
- Value: $6.40M (8.50B KRW)
- Status: announced
- Products: industrial chiller components, heat exchanger components, HVAC components
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Flask](https://endata.com/companies/95447.md) (acquirer)
- [Dongmyung Machinery](https://endata.com/companies/95448.md) (target)

## Sources

- [alphabiz.co.kr](https://www.alphabiz.co.kr/news/articleView.html?idxno=196867), 2026-11-08: "Flask has agreed to acquire industrial refrigeration component maker Dongmyung Machinery for KRW 8.5 billion, expanding beyond its core construction and interior design business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.