Hansol Paper Co., Ltd. (KOSE:A213500) entered into a share purchase agreement to acquire R + S Group Gmbh from a family on August 17, 2015. R+S is expected to remain a separate company after the closing. R + S Group posted a total turnover of €31 million in 2014. The current Chief Executive Officer of Schades, Jun Park, will become the Chief Executive Officer of both R+S and Schades, and previous Chief Executive Officer of R+S, Marcel Bergmann, will be in charge of sales and marketing for both companies as the Chief Sales and Marketing Officer. Regina Engelstädter, Daniel Kim, Young Hwan Ryu of Paul Hastings LLP acted as legal advisors to Hansol. Ernst & Young acted as due diligence provider for Hansol Paper Co., Ltd.

Hansol Paper Co., Ltd. (KOSE:A213500) completed the acquisition of R + S Group Gmbh from a family on August 31, 2015.