Tailim Packaging Co., Ltd. Completed the acquisition of Cardboard Business Division from Youlchon Chemical Co.,Ltd..
January 31, 2024
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Tailim Packaging Co., Ltd. (KOSE:A011280) agreed to acquire Cardboard Business Division from Youlchon Chemical Co.,Ltd. (KOSE:A008730) for KRW 43 billion on October 23, 2023. Cardboard Business Division reported Total assets of KRW 16.59 billion as on June 30, 2023. Transaction is expected to complete on December 29, 0223. PricewaterhouseCoopers Korea acted as accountant to Youlchon Chemical Co.,Ltd. The transaction is now expected to complete on January 31, 2024.
Tailim Packaging Co., Ltd. (KOSE:A011280) Completed the acquisition of Cardboard Business Division from Youlchon Chemical Co.,Ltd. (KOSE:A008730) on January 31, 2024.
Tailim Packaging Co., Ltd, formerly Tailim Packaging Industrial Co., Ltd., is a Korea-based company principally engaged in the manufacturing and sale of corrugated boxes. Along with its subsidiaries, the Company operates its business through three segments. Corrugated Boxes segment manufactures and sells boxes, materials and by-products. Corrugated Papers segment manufactures and sells test liner papers, corrugating medium papers and tube papers, also does waste disposal. Freight Transportation segment operates the transportation of goods. The Company distributes its products within domestic market and to overseas markets.