LG Household&Health Care Acquire Yunjin Pharm Drink Business Unit
Total acquisition price of Yungjin Pharm’s drink business unit is set at 14.1 billion won: Haitai Beverage will acquire 7.1 billion won of property, plant and equipment (PP&E) and inventory required for production and sales, and LG H&H will acquire 7.0 billion of intellectual property rights including the trade mark.
The acquisition is LG H&H’s strategic decision to respond to the FoSHU market, the market continuously growing with increased consumer health awareness, and to expand the current beverage business.
Through the acquisition, LG H&H will enter into approx. 800 billion won FoSHU market with products including energy drink, red ginseng extract drink, hangover cure drink, diet drink, and beauty drink, and will further strengthen its position in the beverage market.
The major products of Yungjin Pharm drink business unit include ‘Yungjin Glonsan Vermont’, ‘Vita-C Gold’, ‘Red Ginseng Extract’, ‘Q10’, etc.
Website: http://www.lgcare.co.kr
Contact
LG Household&Health
+82-2-6924-6194
This news is a press release provided by LG Household & Health Care Ltd..
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