# Hanil Can acquires 100% of Samkwang Can from Samkwang Glass

Hanil Can acquired 100% of the issued shares of Samkwang Can on 29 October 2019, a spin-off of Samkwang Glass's can business sold for 51 billion KRW; the Fair Trade Commission approved the deal in May 2020.

- Type: Acquisition
- Announced: 2019-10-29
- Where: South Korea
- Value: $43.0M (51.0B KRW)
- Status: completed
- Products: beverage cans, food cans, industrial cans, metal cans
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Hanil Can](https://endata.com/companies/6467.md) (acquirer)
- [Samkwang Glass](https://endata.com/companies/6468.md) (partner)
- [Samkwang Can](https://endata.com/companies/6469.md) (target)

## Sources

- [ebn.co.kr](https://www.ebn.co.kr/news/articleView.html?idxno=1432979), 2020-05-11: "Hanil Can acquired 100% of the issued shares of Samkwang Can last year on October 29."

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