News & Media

Terraco Korea acquires Bomwoo Co. Ltd.
15 May 2018

Terraco Korea Co. Ltd., a Terraco Group company, has acquired Bomwoo Co. Ltd. for an undisclosed sum. Established in South Korea in 1980, Bomwoo Co. Ltd. is a pioneer in the Korean market manufacturing a broad range of construction materials and finishing materials such as bonding agents, tile adhesives and grouts, waterproofing products, water repellents and epoxies. Bomwoo has a well-developed footprint throughout the South Korean market and significant manufacturing and distribution capabilities at their facility in Gwangju, on the outskirts of Seoul.

Eric Widstrom, CEO - Terraco Group, commented, “Terraco is very excited to make this acquisition - Bomwoo is a well-established and respected name and, in addition to improving our distribution channels, we will further improve on our ability to meet our customers' requirements by increasing our product offering in the important Korean market. This significant step will strengthen our ability to achieve our goal of being the leading manufacturer of environmentally friendly building materials.” 

Young-Il Yun, General Manager - Terraco Korea, said “We are excited to fast-track our VISION 2020 plans through the Bomwoo acquisition. This transaction adds a stable of well-known brands to our offering, expands the route-to-market, strengthens our construction chemicals, tile adhesives and grout business and helps us further strengthen our customer service and supply chain. We expect great synergies from this acquisition. We extend a very warm welcome to the Bomwoo staff into the Terraco family.”

Back to list