KKR to acquire Samhwa from TPG for $528m.

KKR, a global investment firm, agreed to acquire Samhwa, a cosmetics packaging company, from TPG, a private equity firm, for $528m. “We are thrilled to welcome KKR as our new investor as we embark on our next chapter of growth and innovation. We believe we are well-positioned to achieve our ambition to be the partner of choice for major luxury brands globally and as we continue to focus on delivering superior packaging solutions for the cosmetics industry. We would like to thank TPG for their partnership and support, and look forward to working with KKR, whose global network, operational knowledge, and strategic guidance will be invaluable as we continue to focus on innovation and quality that our customers and partners have come to expect,” Jun-bae Kim, Samhwa CEO.