Hanwha L&C Announces Corporate Name and Ownership Change

Hyundai Department Store Group announced that it has completed the acquisition of Hanwha L&C. As part of the acquisition, the company has also changed its name to Hyundai L&C to further position itself in the interior products industry. Under this new ownership, Hyundai L&C remains committed to maintaining and growing its premium surfacing, including HanStone Quartz and Hanex Solid Surfaces.

Hyundai Department Store Group considers business consistency to be a priority. To that end, the company decided to change the corporate name as minimally as possible, keeping L&C from the former name, which now stands for Living and Culture. This reflects a commitment towards becoming a total living interior cultural company that provides value to lives and spaces. Moving forward as Hyundai L&C, the company will aim to retain and maximize its value through innovation and a focus on customers and their needs.

“This is a great development for our company,” comments JK Lee, CEO of Hyundai L&C USA LLC. “We are excited to be a part of the Hyundai family and the significant resources and support this brings, all of which enables us to provide even more value to our customers.”

The previous ownership of Hanwha L&C under Morgan Stanley resulted in expansion, including a second HanStone Quartz production line in London, Ontario, the building of a Hanex Solid Surfaces production facility in Temple, Texas (to be operational in the coming months), and the establishment of service centers, warehouses and showrooms across the country. This ownership by Hyundai Department Store Group, a $7 billion company, offers financial stability and the ability to expand to meet customers’ growing requirements for surfacing.

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