Overview

• LG Chem agreed on June 13, 2025 to sell its water solutions arm to Glenwood Private Equity for ₩1.4 trillion, marking the transfer of the unit from its advanced materials division.
• The water solutions unit specializes in reverse osmosis membranes used for seawater desalination and industrial wastewater treatment.
• In 2024, the business generated 222 billion won in revenue and held the world’s second-largest market share in its sector.
• Glenwood PE plans a further 200 billion won investment to expand membrane production capacity across desalination and wastewater treatment lines.
• This acquisition follows Glenwood PE’s earlier purchases of LG Chem’s diagnostics division and Techcross water treatment subsidiary as part of its strategy to scale spun-off conglomerate units.