SKC

● Signing a business assignment deal with PEF manager Hahn & Company··· at 360BN won

​● ​SKC cranking up a business overhaul, focused on semiconductors, proprietary high-value materials and components

SKC (CEO: CEO: Woncheol Park) assigned the fine ceramics business of its chip material-producing subsidiary SK Enpulse to Hahn & Company, a top-tier private equity fund (PEF) managers in Korea.

SK Enpulse announced on the 31st that the company convened a board meeting on the 30th where they resolved to assign its fine ceramics business to Hahn & Company for 360 billion won. After the board meeting, the two companies signed a business assignment agreement to that effect. SK Enpulse is expected to undergo necessary procedural steps including an extraordinary shareholders’ meeting next month and close the deal next January.

Fine ceramics refer to materials based on highly pure inorganic compounds and processed to feature better electrical properties and durability than conventional ceramic materials. SK Enpulse supplies in the market parts based on well-known fine ceramics including alumina (Al2O3), silicon (Si), silicon carbide (SiC), and quartz which are required for a variety of semiconductor and display manufacturing processes. In so doing, SK Enpulse has contributed to raising the ratio of homegrown chip materials and components in the market. 

Hahn & Company that will acquire the fine ceramics business from SK Enpulse is the biggest PEF investment manager in Korea. Since its incorporation in 2010, Hahn & Company has acquired over 30 promising Korean companies and prospected for new growth engines, adopting the first-ever bolt-on strategy in Korea to improve their business fundamentals and ramp up market capitalization. Hahn & Company is expected to shore up global competitiveness of the fine ceramics business by ensuring employees’ job security and making additional investments after the assignment.

SKC is accelerating the overhaul of its semiconductor business with focus on new high-value items, selling the basic chipmaking material business of SK Enpulse including wet chemical and washing operations, purchasing equity in the U.S. chip packaging solution provider Chipletz, and acquiring semiconductor test solution company ISC. Furthermore, SKC vows to further enhance its business competitiveness by seeking to commercialize the world’s first semiconductor glass substrate for high-performance computing applications and identify additional M&A opportunities.

“SKC will use the sale proceeds of the fine ceramics business as funding resource to push the competitive edge of the chip material and component business to a new height,” said an official at SKC. “We will build solutions on our proprietary technologies and become a game changer in the global chip material and component market.” [End]