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Hanwha Finalizes $620 Million Acquisition of Food Service Giant Ourhome

The deal establishes Ourhome as a Hanwha subsidiary, signaling a strategic push into the global food service market.

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The headquarters of Ourhome Co. (Yonhap)

Overview

  • Hanwha Hotels & Resorts completed the acquisition of a 58.62% stake in Ourhome for 869.5 billion won ($620 million), finalizing the transaction on May 15, 2025.
  • The acquisition was facilitated through the creation of Woorijib F&B, a special-purpose vehicle established in February 2025.
  • Ourhome, a leader in ready-to-eat meals and catering services, posted 2.24 trillion won in sales in 2024, far exceeding Hanwha Hotels' 750.9 billion won revenue.
  • Regulatory approvals for the merger were secured in April 2025, paving the way for the integration of Ourhome into Hanwha Group's operations.
  • Hanwha aims to leverage Ourhome’s food service expertise to drive transformation in both domestic and global markets, aligning with its diversification strategy.