Huem&c Acquires 100% Stake in Hyubena... Full-Scale Business Expansion Begins

"First Step for Total Packaging Company in Cosmetics and Pharmaceuticals"

[Asia Economy Reporter Lee Gwan-joo] Huem&c (formerly Huons Blossom) has changed its name and embarked on a full-scale move to become a total packaging company for cosmetics and pharmaceuticals.

Huem&c announced on the 8th that it had signed a contract to acquire 100% of the shares of Hubena. According to the contract, Huem&c acquired 100% of Hubena's shares, and Hubena was incorporated as a subsidiary of Huem&c.

Hubena, formerly an affiliate of the Huons Group, is a specialized company in medical containers and laboratory instruments that supplies raw and subsidiary materials in the medical and pharmaceutical fields, including glass ampoules and vials, to major domestic and international pharmaceutical companies and research institutes. Last year, it recorded sales of 24.6 billion KRW and an operating profit of 2.6 billion KRW.

In the mid to long term, the plan is to create a business model linking Hubena's medical container portfolio with Huem&c's cosmetics accessories business, developing into a competitive total packaging specialist company in the cosmetics and pharmaceutical fields.

A Huem&c official said, "As the first step to becoming a total packaging specialist company spanning cosmetics, pharmaceuticals, and medical fields, we pursued the acquisition of Hubena's shares," adding, "By securing a portfolio in the medical and pharmaceutical packaging fields beyond Huem&c's existing core business in cosmetics materials, we will expand our business scope and target markets, achieving increased sales and improved profitability."

Prior to this, Huem&c changed its name from Huons Blossom to Huem&c at the shareholders' meeting held on the 31st of last month and appointed professional manager Kim Jun-cheol as CEO.

This content was produced with the assistance of AI translation services.