KC Cottrell Co Ltd agreed to acquire KC Cottrell Taiwan Co., Ltd. for approximately KRW 240 million.
June 22, 2016
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KC Cottrell Co Ltd (KOSE:A119650) agreed to acquire KC Cottrell Taiwan Co., Ltd. for approximately KRW 240 million on June 22, 2016. KC Cottrell Taiwan reported for year ending December 31, 2015, sale of KRW 1.8 billion, net profit of KRW 179 million and total assets of KRW 742 million. KC Cottrell’s Board resolution date is June 22, 2016. Scheduled acquisition date is June 30, 2016.
KC Cottrell Co.,Ltd. is a Korea-based company engaged in the manufacture of environment equipment. The Company mainly provides three categories of products: dust collection systems, gas treatment systems and other new energy systems. Its dust collection systems include electrostatic precipitators (ESPs), reverse air fabric filters, pulse jet air fabric filters, ceramic filters and others. Its gas treatment systems include absorbers and auxiliary systems, limestone slurry preparation systems, flue gas systems, gypsum dewatering systems, waste water treatment systems, rotary atomizer systems and others. Its other new energy systems include ash handling systems, industrial machineries, and photovoltaic equipment. On May 22, 2013, the Company established a new wholly owned subsidiary, engaged in the bag filter business. On June 5, 2013, it acquired a 100% stake in a Korea-based company.
KC COTTRELL CO., LTD. 
