"Lotte Chilsung Acquires 53% Stake in Startup 'Bigsome' to Strengthen Health Supplement Competitiveness"
[Asia Economy Reporter Eunmo Koo] Lotte Chilsung Beverage announced on the 29th that it will acquire approximately 53% of the shares of the health functional food specialized startup 'Bigsome'.
Lotte Chilsung Beverage will acquire about 53% of Bigsome's shares, including 50.99% held by 'Kick the Hurdle' and 1.95% held by the 'G-Strong Innovation Startup Fund'. The contract date for the share acquisition was the 26th.
Bigsome, established in 2016, is a company specializing in the research and development and distribution platform of health functional foods, possessing capabilities in R&D, planning, marketing, manufacturing, and operations. In 2020, it was selected as a special case business operator for the subdivision and sale regulation of health functional foods.
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Through the acquisition of Bigsome, Lotte Chilsung Beverage plans to expand its health functional food portfolio for mid- to long-term business diversification. The company aims to build a food portfolio covering the entire life cycle by securing customized health functional materials and developing and launching functional products.
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