# SKC to sell SK Pucore to Glenwood PE for $390 million

SKC signed a memorandum of understanding to sell its 100% stake in SK Pucore to Glenwood Private Equity for approximately 500 billion won ($390 million). The deal is expected to close in July 2023, with proceeds used to expand copper foil production and acquire other companies.

- Type: Acquisition
- Announced: 2023-06-13
- Where: South Korea
- Value: $389.7M (500.0B KRW)
- Status: announced
- Products: eco-friendly polyurethane materials, bio-polyol
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Glenwood Private Equity](https://endata.com/companies/20593.md) (acquirer)
- [SKC Co.](https://endata.com/companies/22921.md) (partner)
- [SK Pucore](https://endata.com/companies/70820.md) (target)

## Sources

- [kedglobal.com](https://www.kedglobal.com/mergers-acquisitions/newsView/ked202306130008), 2023-06-14: "SKC Ltd., a South Korean chemical materials maker, is set to sell a subsidiary to Glenwood Private Equity in a deal estimated at 500 billion won ($389.7 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.