SECO SEOJIN INDUSTRIAL
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SECO SEOJIN INDUSTRIAL - overview
Established
1966
Location
Siheung-si, Gyeonggido, South Korea
Primary Industry
Automobiles, Other Vehicles & Parts
About
SECO SEOJIN INDUSTRIAL focuses on the design and manufacturing of automotive components, specifically targeting body frames, chassis, and decks to improve vehicle performance and safety standards. SECO SEOJIN INDUSTRIAL, founded in 1966, is based in Siheung, South Korea, and specializes in advanced automotive components. The company has undergone strategic shifts but remains independent. In November 2018, Newlake Alliance Management acquired a 37.
5% minority stake for KRW 60 billion, which has enabled the company to bolster its investment in facilities. The current CEO is Sang-hoon Lee. SEOJIN Industrial specializes in the design and manufacturing of advanced automotive components, primarily focusing on body frames, chassis, and decks. Their products are engineered to enhance vehicle durability and performance, addressing critical needs in safety, structural integrity, and weight efficiency.
The company’s offerings are utilized in diverse vehicle applications, ensuring compatibility with various automotive standards and customer specifications. Notably, SEOJIN Industrial serves a broad client base that includes major automotive manufacturers and suppliers across international markets, such as North America, Europe, and Asia. These products have been released in alignment with evolving industry standards, showcasing the company's commitment to innovation and quality. SEOJIN Industrial operates a revenue model primarily based on B2B transactions, engaging directly with automotive manufacturers and large-scale distributors.
The company generated revenue of KRW 541,326,864,459. 80 in 2024, with an EBITDA of KRW -15,271,274,669. 70. The income is derived from the sale of key products, structured through contractual agreements with clients, and supported by long-term partnerships with major automotive brands.
Looking ahead, SECO SEOJIN INDUSTRIAL plans to invest in new product designs aimed at enhancing their automotive components portfolio. The recent funding from the Secondary Buyout in November 2018 will be utilized to support these facility investments. The company is also targeting expansion into new markets in Asia and Europe, aiming for increased market penetration by 2025. This strategic direction is expected to foster further growth in demand for their specialized automotive parts.
Current Investors
Newlake Alliance Management, Shinhan Securities
Primary Industry
Automobiles, Other Vehicles & Parts
Sub Industries
Automobiles, Other Vehicles & Parts
Website
www.seojin.com/
Company Stage
Mature
Total Amount Raised
Subscriber access only
SECO SEOJIN INDUSTRIAL - 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 | SECO SEOJIN INDUSTRIAL | - | ||||||||
| Buyout | Completed | SECO SEOJIN INDUSTRIAL | - |
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