# Prostemics acquires cosmetic wet wipe manufacturer OTKCNT

Prostemics, a stem cell-based bio company, announced it will acquire 100% of OTKCNT, a cosmetic wet tissue manufacturer, from its largest shareholder Icure for 17 billion won (approximately US$14.3 million).

- Type: Acquisition
- Announced: 2020-08-07
- Where: South Korea
- Value: $14.3M (17.0B KRW)
- Status: announced
- Products: cosmetic wet tissues
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Prostemics](https://endata.com/companies/49112.md) (acquirer)
- [OTKCNT](https://endata.com/companies/49113.md) (target)
- [Icure](https://endata.com/companies/49114.md) (partner)

## Sources

- [businessreport.kr](http://www.businessreport.kr/news/articleView.html?idxno=24099), 2020-08-09: "We are going to double our overall sales by creating synergy with products that are applied with new technologies such as Exosomes."

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