KKR acquires Samhwa Co., Ltd., a leading South Korean cosmetics packaging company, from TPG for KRW733 billion (~US$528 million) to support its growth and global expansion ambitions.

Target Company Overview

Samhwa Co., Ltd. is a prominent cosmetics packaging manufacturer located in South Korea. Established in 1977, the company began as a mold development and manufacturing enterprise. Over the years, Samhwa has evolved into a leading supplier of comprehensive packaging solutions specifically designed for the high-end cosmetics sector, catering to over 300 well-known cosmetic brands, both independent Korean labels and global luxury conglomerates.

Samhwa is recognized for its innovative products, such as air-tight cushion packaging and airless pump technologies. The company operates a dedicated research and development center that allows for the customization of products to meet the specific requirements of its clientele. Samhwa's streamlined in-house system ensures a full spectrum of services, including product development, manufacturing, assembly, quality inspection, and delivery.

Industry Overview in South Korea

The cosmetics industry in South Korea is thriving, with the country ranked among the top three cosmetics exporters globally, alongside France and the United States. This booming market is primarily driven by the global demand for K-Beauty prod