# BGF agrees to acquire 77.01% stake in eco-friendly plastics maker KBF

BGF, through subsidiary BGF Eco Bio, signed an agreement to acquire a 77.01% stake in KBF, a Korean maker of biodegradable foam plastics based in Hwaseong, Gyeonggi. The deal marks BGF's entry into the eco and bio materials market.

- Type: Acquisition
- Announced: 2019-07-03
- Where: Hwaseong, Gyeonggi, South Korea
- Status: announced
- Products: biodegradable foam plastic, PLA foam molded products
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [BGF](https://endata.com/companies/5250.md) (acquirer)
- [KBF](https://endata.com/companies/5251.md) (target)

## Sources

- [mk.co.kr](https://www.mk.co.kr/news/business/8882432), 2019-07-03: "자회사 BGF 에코바이오는 친환경 플라스틱 전문 제조사인 KBF 지분 77.01%를 양수하는 계약을 체결했다."

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