Pacificglas, Inc.

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Pacificglas, Inc. - overview

Established

1973

Location

-, Seocheon-gun Chungcheongnamdo, South Korea

Primary Industry

Packaging

About

Pacificglas, Inc. , based in South Korea, is a manufacturer of high-quality glass products, focusing on architectural solutions for commercial and residential projects, enhancing aesthetics and functionality. Pacificglas, Inc. specializes in the production of glass products primarily for architectural applications.


Founded in 1973, the company is headquartered in South Korea. In February 2021, Verescence France SASU acquired a majority stake in Pacificglas, while Amorepacific retains a minority stake. The acquisition aims to strengthen Verescence’s position in the global glass packaging market. The founder of Pacificglas has not been specified, nor are there any details about prior companies.


Pacificglass specializes in manufacturing high-quality glass products, focusing on architectural solutions tailored for commercial and residential applications. Their offerings include energy-efficient windows, decorative glass, and impact-resistant glass, designed to enhance building aesthetics while maintaining functionality and safety. These products serve a diverse client base, including construction firms, architects, and homeowners across North America and select international markets. Pacific Glass generates revenue primarily through B2B transactions, catering to construction companies and architectural firms that require bulk orders of glass products.


Business transactions are typically governed by negotiated contracts, including delivery schedules and payment terms. While individual pricing details are undisclosed, flagship products like energy-efficient windows are likely included in comprehensive project packages, and the company may partner with retailers to broaden its market reach. Following the acquisition in February 2021, Pacificglas plans to enhance its technological capabilities and production capacity to meet the rising demand for high-end glass products in the perfumery and cosmetic packaging sectors. The company is targeting expansion into pan-Asian markets in the coming years, aligning with Verescence's strategy to reinforce its leadership position.


The recent funding from Verescence will be directed towards investing in new technologies and increasing production capacity to support this growth strategy.


Current Investors

Verescence France SASU

Primary Industry

Packaging

Sub Industries

Beauty & Hygiene, Packaging

Website

www.pacificglas.com

Verticals

Manufacturing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Pacificglas, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedPacificglas, Inc.-

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