SKC Co., a materials unit of South Korea’s SK Group, announced Tuesday that it will transfer the fine ceramics business of its subsidiary SK enpulse Co. to Korean private equity firm Hahn & Co.
SK enpulse held a board meeting on Monday and decided to transfer its fine ceramics business to Hahn & Co. for 360 billion won ($267.12 million).
Following the decision, SK enpulse and Hahn & Co. signed a business transfer agreement.
SK enpulse plans to finalize the deal in January next year after completing follow-up procedures next month, such as convening an extraordinary general meeting of shareholders.
Fine ceramics contain high-purity inorganic compounds and thus have higher electrical properties and durability than existing ceramic materials.
SKC has been speeding up its efforts to focus on high-value-added new businesses for semiconductors, such as by investing in Chipletz, a U.S. fabless substrate vendor developing advanced packaging technology, and acquiring ISC Co., a semiconductor test solution provider.
“We plan to use the proceeds from the sale to make our semiconductor material and components business more competitive,” the company said.
By Pulse
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