# Samyang Holdings acquires controlling stake in Verdant Specialty Solutions

Samyang Holdings acquired a controlling stake in Verdant Specialty Solutions, a U.S.-based specialty chemical materials company, for approximately 330 billion won. The deal was signed on December 15, 2023.

- Type: Acquisition
- Announced: 2023-12-18
- Where: Texas, United States
- Value: $250.0M (330.0B KRW)
- Status: announced
- Products: amphoteric surfactants, non-ionic surfactants
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Samyang Corporation](https://endata.com/companies/29568.md) (acquirer)
- [Verdant Specialty Solutions](https://endata.com/companies/58171.md) (target)
- [Verdant Specialty Solutions Global Holding Corp.](https://endata.com/companies/74662.md) (target)

## Sources

- [businesskorea.co.kr](https://www.businesskorea.co.kr/news/articleView.html?idxno=208036), 2023-12-18: "This M&A aligns with the management strategies pursued by Samyang Group, focusing on the cultivation of the 'specialty business' and 'global business expansion.'"
- [kedglobal.com](https://www.kedglobal.com/chemical-industry/newsView/ked202312180011), 2023-12-26: "Samyang said the purpose of the acquisition is to strengthen its global surfactants business."

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