Board approves full stake, management rights sale of Sun&L Interior

Deal valued at 11.7 billion won, following New Zealand unit liquidation

Sun&L headquarters [Sun&L]
Sun&L headquarters [Sun&L]

Sun&L, a lifestyle beauty packaging company, held a board meeting Friday and disclosed plans to sell all 2.6 million common shares — a 100 percent stake — and full management rights of its subsidiary Sun&L Interior, including the subsidiary's own affiliates.

The book value of the stake being sold stands at approximately 11.7 billion won ($8.61 million), equivalent to 5.2 percent of Sun&L's consolidated equity as of end-2025. The company plans to run a competitive sale process, including a limited competitive tender, targeting multiple potential acquirers. Sun&L aims to sign a definitive agreement in the first half of 2027, following due diligence and negotiations. Samhwa Accounting Corp. is serving as the sale adviser.

Sun&L has been transforming from a wood and furniture business into a lifestyle beauty packaging specialist that produces cosmetics containers, pumps and dispensers. The company liquidated its New Zealand unit in July and is now moving to divest the interior subsidiary as part of a sequential exit from non-core operations.

Sun&L returned to profit on a separate financial statement basis in the second quarter of this year. The company has also set a target to raise the share of its lifestyle beauty segment in total sales from 48 percent to 75 percent by 2030, while achieving companywide sales of 280 billion won.

"The sale of Sun&L Interior is aimed at firmly establishing the company's identity as a global lifestyle beauty packaging specialist and improving our overall financial structure by exiting non-core businesses," a company official said. "We will strengthen the company's fundamentals through a successful sale process and enhance shareholder value."


andy@heraldcorp.com