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BGF Group held a board meeting to complete the merger of its materials subsidiaries KOPLA and BGF Ecobio, and plans to change the company name to BGFecomaterials.
BGF, through subsidiary BGF Eco Bio, signed an agreement to acquire a 77.01% stake in KBF, a Korean maker of biodegradable foam plastics based in Hwaseong, Gyeonggi. The deal marks BGF's entry into the eco and bio materials market.