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LX International acquired 100% of Korea Glass Industry, known for the Hanglas brand and Korea's second-largest glass manufacturer, for 592.5 billion won. Korea Glass Industry produces flat glass and coated glass for buildings and homes.
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.