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-Johnson Electric to increase ownership interest in Halla Stackpole Corporation to 80%

Mar 22, 2017 - ENP Newswire

HONG KONG - Johnson Electric Holdings Limited ('Johnson Electric') today announced that it has signed a definitive agreement to acquire an additional 50% equity interest in Halla Stackpole Corporation ('HSC') for Korean Won 93.9 billion (approximately US$ 83.8 million).

Established in 2008, HSC is a joint venture between Halla Holdings Corporation ('Halla Holdings') of Korea and Stackpole International. Since the acquisition of Stackpole International by Johnson Electric in October 2015, H...