Affinity Equity Partners completed the acquisition of 63.56% stake in Lock&Lock Co., Ltd. from Kim Jun-il and Kim Chang-ho.
December 03, 2017
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Affinity Equity Partners signed an agreement to acquire 63.56% stake in Lock&Lock Co., Ltd. (KOSE:A115390) from Kim Jun-il and Kim Chang-ho for approximately KRW 630 billion on August 25, 2017. Under the agreement, Kim Jun-il and Kim Chang-ho will sell 29 million and 5.9 million shares respectively at KRW 18000 per share. Kim Jun-il, Chief Executive Officer of Lock&Lock Co., Ltd. will remain in the management of Lock&Lock Co., Ltd. through re-investment.
Affinity Equity Partners completed the acquisition of 63.56% stake in Lock&Lock Co., Ltd. (KOSE:A115390) from Kim Jun-il and Kim Chang-ho on December 4, 2017.
LOCK&LOCK Co Ltd is a Korea-based company principally engaged in the manufacturing and sale of storage goods. The Company manufactures and sells storage products, outdoor products and other products. The Companyâs storage products include plastic airtight containers, glass airtight containers, porcelain airtight containers, and tritan airtight containers, among others. The outdoor products include water bottles, cold storage bottles, and outdoor lunch boxes, among others. The other products include kitchen and living goods such as pots, frying pans and others. The Company operates its businesses in domestic and overseas markets such as Europe, Asia and United States.