# SKC and Kolon Industries sell SKC Kolon PI stake to Glenwood PE

SKC and Kolon Industries each agreed to sell their 27.03% stakes in SKC Kolon PI to Korea PI Holdings, a special purpose company set up by Glenwood Private Equity, for KRW 304 billion each. The transaction is expected to close by February 2020.

- Type: Acquisition
- Announced: 2019-12-24
- Where: South Korea
- Value: $260.0M (304.0B KRW)
- Status: announced
- Products: polyimide film
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Saint-Gobain](https://endata.com/companies/1801.md)
- [Glenwood Private Equity](https://endata.com/companies/20593.md) (acquirer)
- [SKC Co.](https://endata.com/companies/22921.md) (partner)
- [Kolon Industries](https://endata.com/companies/25976.md) (partner)
- [Hankuk Glass Industries](https://endata.com/companies/34431.md) (target)
- [SKC Kolon PI](https://endata.com/companies/44151.md) (target)
- [Korea PI Holdings](https://endata.com/companies/44152.md) (acquirer)

## Sources

- [ir.newspim.com](https://ir.newspim.com/news/view/20191224000716), 2019-12-24: "SKC가 코오롱인더스트리와 함께 SKC코오롱PI 지분 54.07%를 글랜우드 프라이빗 에쿼티(PE)가 세운 투자목적회사 ㈜코리아PI홀딩스에 매도한다."
- [ir.newspim.com](https://ir.newspim.com/news/view/20191224000723), 2019-12-24: "코오롱인더스트리는 24일 이사회를 열고 SKC코오롱PI 보유지분 27.03%를 ㈜코리아PI홀딩스에 매도하기로 결의하고 주식매매계약을 체결했다고 밝혔다."
- [glassonline.com](https://www.glassonline.com/saint-gobain-divests-its-construction-glass-activity-in-south-korea/), 2020-01-22: "Saint-Gobain completed the sale of its construction glass activity in South Korea (Hankuk Glass Industries) to Glenwood Private Equity"

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