# Dongwon Systems to absorb subsidiary Techpack Solution by merger

Dongwon Systems signed a merger agreement to absorb its subsidiary Techpack Solution, Korea's largest glass bottle maker, with a merger ratio of 1 to 4.44. A shareholder meeting is scheduled for September 1, 2021.

- Type: Acquisition
- Announced: 2021-07-12
- Where: South Korea
- Status: announced
- Products: glass bottles, aseptic filling beverage packaging, retort food packaging, flexible packaging, steel cans, industrial films
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Dongwon Systems](https://endata.com/companies/2987.md) (acquirer)
- [Techpack Solution](https://endata.com/companies/8177.md) (target)
- [Dongwon Enterprises](https://endata.com/companies/8178.md) (partner)

## Sources

- [news.bizwatch.co.kr](https://news.bizwatch.co.kr/article/consumer/2021/07/12/0023), 2021-07-12: "동원시스템즈는 자회사 테크팩솔루션을 합병하는 계약을 체결하고 주주총회를 소집키로 했다고 12일 밝혔다."
- [m.breaknews.com](https://m.breaknews.com/820144), 2021-07-12: "동원시스템즈, 자회사 테크팩솔루션 흡수합병"
- [asiae.co.kr](https://www.asiae.co.kr/en/article/2021071309330308390), 2021-07-13: "Dongwon Systems announced on the 13th that it has signed a contract to merge its subsidiary Techpack Solution."
- [asiae.co.kr](https://www.asiae.co.kr/article/2021071309330308390), 2021-07-13: "동원시스템즈가 자회사 테크팩솔루션을 합병하는 계약을 체결했다고 13일 밝혔다."

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