Wormser Corporation and Korea Kolmar Co., Ltd. (KOSE:A161890) acquired Process Technologies LLC on September 19, 2016. Korea Kolmar acquired a 51% stake in Process for $15.1 million and Wormser acquired a 49% stake in Process. Under the terms of the transaction, Kolmar will be in charge of R&D and production and Wormser will lead marketing and sales in the American market. Hyun Suk Kim, Chee-Kwan Kim, David Brinton, Yeon Yoon, Amy Chen and Dan Park of Clifford Chance LLP (Foreign Legal Consultant office) acted as legal advisors for Kolmar Korea Co., Ltd. Wormser Corporation and Korea Kolmar Co., Ltd. (KOSE:A161890) completed the acquisition of Process Technologies LLC on September 19, 2016.