Hwami Co., Ltd.
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Hwami Co., Ltd. - overview
Established
1983
Location
Incheon, -, South Korea
Primary Industry
Food
About
Based in Incheon, South Korea, and founded in 1983, Hwami Co. , Ltd. operates as a provider of food products, specializing in seasonings, sauces, and condiments to various clients including restaurants, and retailers. In January 2025, The Partners Private Equity and Nolboo agreed to fully acquire Hwami Co.
, Ltd. from Anchor Equity Partners and Nepstone for KRW 50 billion. As of 2024, the company is led by its CEO, Youngtae Ko. Hwami Co.
, Ltd. specializes in a diverse range of food products, primarily focusing on seasonings, sauces, and various types of condiments. Their core offerings include a variety of sauces, powders, and liquid seasonings intended to improve the flavor profile of dishes, catering to both culinary professionals and home cooks. Hwami serves a broad customer base, including restaurants, catering services, and retail grocery chains across South Korea and various international regions.
Hwami Co. , Ltd. generates revenue through a structured sales approach involving both B2B and direct-to-consumer transactions. The company primarily partners with retailers and wholesalers to distribute its wide range of products.
The company is also targeting expansion into Southeast Asian markets, including Thailand and Vietnam, aiming for entry by late 2026.
Current Investors
Anchor Equity Partners, Nepstone
Primary Industry
Food
Sub Industries
Snack Foods, Other Food Products, Canned/Frozen Fruit & Vegetables
Website
www.hwami.com/
Verticals
Manufacturing
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Hwami Co., Ltd. - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 43,598,357,209 | 46,781,804,399 | 47,289,252,039 | - | 47,032,500,876 | 53,991,954,144 | - | 59,194,461,072 | - | - | - |
| % Revenue Growth (YoY) | - | 7.3% | 1.1% | - | - | 14.8% | - | - | - | - | - |
| EBITDA (USD) | 6,716,934,300 | 6,723,779,061 | 7,792,426,008 | - | 3,102,627,609 | 5,997,290,327 | - | 5,346,285,457 | - | - | - |
| Operating Income (USD) | 6,657,392,218 | 6,604,840,500 | 7,702,247,913 | - | 1,265,975,271 | 4,237,863,710 | - | 2,992,761,793 | - | - | - |
| Operating Margin | 15.3% | 14.1% | 16.3% | - | 2.7% | 7.8% | - | 5.1% | - | - | - |
| % EBITDA Margin | 15.4% | 14.4% | 16.5% | - | 6.6% | 11.1% | - | 9.0% | - | - | - |
| NET Income (USD) | 5,411,384,377 | 5,146,225,041 | 5,764,265,486 | - | 174,707,072 | (1,452,682,092) | - | 1,622,680,104 | - | - | - |
| % Net Margin | 12.4% | 11.0% | 12.2% | - | 0.4% | (2.7%) | - | 2.7% | - | - | - |
Hwami Co., Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Hwami Co., Ltd. | - | ||||||||
| Buyout | Completed | Hwami Co., Ltd. | - |
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