IMM PE to Acquire Korea’s No. 1 Diamond Tool Maker EHWA for 400 Billion Won

IMM Private Equity, or IMM PE, is acquiring EHWA Diamond Industrial, Korea’s No. 1 diamond tool manufacturer, for 400 billion won. Founded in 1975, EHWA Diamond Industrial has built a leading position in the domestic diamond tool sector. The company exports its products to more than 90 countries and is reported to have avoided losses for 50 years since its establishment. The deal draws attention because it gives IMM PE control of a manufacturer with stable profitability and a global export base. IMM PE is expected to pursue growth based on EHWA Diamond Industrial’s existing business foundation. Source: mk.co.kr