Huons N, a life care solutions company of Huons Group, has absorbed Bio Logette, a health functional food manufacturer.
Huons N, led by CEO Son Dong-chul, finalized the procedures to merge with its wholly owned subsidiary Bio Logette on Sunday.
Huons N completed all related legal procedures, including creditor objection filings, following its board approval and the signing of the merger agreement in late April. The company plans to accelerate efforts to improve management efficiency and integrate its health supplement manufacturing capabilities. The merger was conducted as a small-scale merger without issuing new shares.
Bio Logette holds facilities certified under Good Manufacturing Practice (GMP) and Hazard Analysis and Critical Control Points (HACCP) standards, with six formulation types including liquid, powder, tablet and hard capsule, and nine packaging facilities. Through the merger, Huons N combines Bio Logette's strong manufacturing infrastructure with its existing research and development (R&D) and global network.
The company sees the internalization of production facilities certified under the Food Safety System Certification (FSSC 22000) as a competitive advantage for its global business. Huons N plans to use it as a key forward base for targeting overseas markets and to rapidly expand its presence in the global health functional food market.
"With the completion of this merger as a turning point, we plan to unify our production and R&D capabilities to maximize synergy," Huons N CEO Son Dong-chul said. "Based on highly competitive integrated infrastructure, we will respond swiftly to customer needs and accelerate our global business expansion."
