# LG Chem acquires U.S. adhesive maker Uniseal for $133M

LG Chem acquired 100% of Uniseal, Inc., a U.S. maker of specialty adhesives and sealants, from Koch Enterprises for about 150 billion won ($133 million). Uniseal serves the automotive, heavy truck and trailer markets.

- Type: Acquisition
- Announced: 2018-09-12
- Where: Indiana, United States
- Value: $133.0M
- Status: completed
- Products: specialty adhesives, sealants
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [LG Chem](https://endata.com/companies/2456.md) (acquirer)
- [Koch Industries](https://endata.com/companies/15417.md) (partner)
- [Koch Enterprises](https://endata.com/companies/26234.md) (partner)
- [Uniseal](https://endata.com/companies/34281.md) (target)

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20180912003000320), 2018-09-12: "LG Chem Ltd. said Wednesday that it has acquired Uniseal, Inc., an American maker of specialty adhesives and sealants in a move to diversify its business portfolio."
- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20180912003051320), 2018-09-12: "LG Chem Ltd. said Wednesday that it has acquired Uniseal, Inc., an American maker of specialty adhesives and sealants in a move to diversify its business portfolio."
- [nikkei.com](https://www.nikkei.com/article/DGXMZO35266110S8A910C1FFE000/), 2018-09-12: "LG化学は自動車の軽量化のため、車体の接合を既存の溶接とボルトから接着剤に変える需要が増えると判断。"
- [koreajoongangdaily.com](https://www.koreajoongangdaily.com/business/us-adhesive-firm-bought-by-lg-chem/10792866), 2018-09-12: "LG Chem purchased a 100 percent stake in Uniseal from its parent company, Koch Enterprises, in a deal worth about 150 billion won ($133 million)."
- [just-auto.com](https://www.just-auto.com/news/lg-chem-acquires-us-coatings-manufacturer-uniseal/), 2018-09-13: "LG Chem CEO Park Jin-soo said his company would 'continue to invest in this segment to make it a global business'."
- [leeko.com](https://www.leeko.com/leenko/news/workHistoryView.do?boardNo=14033&lang=EN), 2018-10-01: "LG Chem Michigan Inc. ... successfully execution of an agreement with Koch Enterprises, Inc. to acquire 100% of the equity interests of Uniseal Inc."
- [everchem.com](https://everchem.com/q3-ma-update/), 2018-10-15: "Chemical Deal Results | Seller | Buyer | Business | Date |"
- [everchem.com](https://everchem.com/q3-ma-update-2/), 2018-10-15: "Chemical Deal Results | Seller | Buyer | Business | Date |"

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