KKR Buys Beauty Packaging Firm Samhwa for $528 Million Valuation

KKR & Co. agreed to acquire Samhwa Co. from TPG Inc., valuing the South Korean cosmetics packaging firm at 733 billion won ($528 million) — marking the latest private equity bet on the country’s booming beauty industry.

The deal gives KKR full ownership of Samhwa, which produces high-end packaging for more than 300 beauty brands, including global luxury names and independent Korean players. The company, founded in 1977 as a mold manufacturer, has grown into one of Asia’s largest cosmetics packaging firms and ranks among the world’s top 10 suppliers, according to a joint statement Thursday by KKR and ...