# LX Group to acquire HanGlas for $506 million

LX Group, through LX International, plans to acquire a 100% stake in Hankuk Glass Industries (HanGlas) from Glenwood PE for about 600 billion won ($506 million). A formal contract is expected in Q1 2022.

- Type: Acquisition
- Announced: 2021-12-24
- Where: Gunsan, South Korea, South Korea
- Value: $506.0M
- Status: announced
- Products: glass, energy-saving glass
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Glenwood Private Equity](https://endata.com/companies/20593.md) (partner)
- [Hankuk Glass Industries](https://endata.com/companies/34431.md) (target)
- [LX International](https://endata.com/companies/59931.md) (acquirer)

## Sources

- [kedglobal.com](https://www.kedglobal.com/mergers-acquisitions/newsView/ked202112240012), 2021-12-24: "LX Group was scheduled to sign a memorandum of understanding (MOU) with Glenwood PE to buy a 100% stake in Hankuk Glass Industries Inc. (HanGlas) for about 600 billion won ($506 million)."

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