LX International to acquire Hankuk Glass Industries from Glenwood for $506m.

LX International, a specialist resources trading company, agreed to acquire Hankuk Glass Industries, a glass maker, from Glenwood, a private equity firm, for $506m. Hankuk Glass Industries would help bolster LX Hausys’s windows business and allow the parent group to explore new business opportunities through collaboration with its affiliates such as LG Electronics under LG Group.