# Taerim Paper acquires Jeonju Paper and Jeonju One Power for KRW 650 billion

Taerim Paper, an affiliate of Global Seara Group, signed a stock purchase agreement with Morgan Stanley PE to acquire Jeonju Paper and Jeonju One Power for about KRW 650 billion.

- Type: Acquisition
- Announced: 2023-12-15
- Where: Jeonju, South Korea
- Value: $500.0M (650.0B KRW)
- Status: announced
- Products: newspaper paper, publishing paper, corrugated base paper
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Taerim Paper](https://endata.com/companies/14915.md) (acquirer)
- [Jeonju Paper](https://endata.com/companies/14916.md) (target)
- [Jeonju One Power](https://endata.com/companies/14917.md) (target)
- [Morgan Stanley PE](https://endata.com/companies/14918.md) (partner)

## Sources

- [asiae.co.kr](https://www.asiae.co.kr/en/article/2023121518092517975), 2023-12-15: "Global Seara Group announced on the 15th that its affiliate, Taerim Paper, has signed a stock purchase agreement with Morgan Stanley PE."

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