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Kolmar Korea Eyes Pharma Expansion Via CJ HealthCare Acquisition

 
• By Jung Won Shin

The acquisition of mid-size South Korean pharma firm CJ HealthCare is set to boost Kolmar Korea's pharma business, enabling the cosmetics and pharma company to transform into a larger and more integrated healthcare firm.

Acquisition

Kolmar Korea is to become the new owner of CJ HealthCare Corp., the pharma affiliate of CJ Group, in an acquisition deal valued at KRW1.31tn ($1.21bn), underscoring Kolmar's strong intent to expand and diversify its pharma business to grow into a top healthcare company in South Korea with international ambitions.

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