Johnson Electric to increase stake in Halla Stackpole Corporation to 80%

Johnson Electric signed an agreement to acquire an additional 50% equity interest in Halla Stackpole Corporation for KRW 93.9 billion (about US$83.8 million), increasing its ownership to 80%. HSC is a supplier of powder metal components to the automotive industry in Asia.

“This is an attractive opportunity to increase the Group's exposure to the rapidly growing powder metal market in Asia.”media-outreach.com

• 1 source
• media-outreach.comJohnson Electric to increase ownership interest in Halla Stackpole Corporation to 80% | Media OutReach NewswireJohnson Electric Holdings LimitedMar 21, 2017

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