IMM PE to Acquire Korea’s Top Diamond Tool Maker EHWA for 400 Billion Won

IMM Private Equity, or IMM PE, is set to acquire EHWA Diamond Industrial, Korea’s No. 1 diamond tool manufacturer, for 400 billion won. Founded in 1975, EHWA Diamond Industrial is known as the country’s leading company in the diamond tool sector. The company has exported its products to more than 90 countries and is reported to have avoided losses for 50 years since its founding. The deal is drawing attention because a private equity firm is taking over a manufacturer with stable earnings and an overseas sales network. EHWA Diamond Industrial will continue its business under IMM PE ownership. Source: mk.co.kr