Billionths Acquires Stake in Tris, Vendor for Global Private Aerospace Companies

Billionths has acquired a stake in Tris, an advanced materials company that has secured a key indirect supply chain with global private aerospace companies.

According to the Financial Supervisory Service's electronic disclosure on May 27, Billionths has decided to acquire 500,000 shares (3.97%) of Tris for 3.1 billion won. The company explained that this acquisition goes beyond a simple financial investment and serves as a strategic move to improve the overall structure of its affiliates and to scale up new business initiatives in the second half of the year.

Tris specializes in manufacturing stainless steel and special alloy pipes. According to the company, Tris has established an indirect supply structure for special alloy tubes for space launch vehicles to global private aerospace companies through partnerships with SS Metal and Spear Corporation.

In particular, following the signing of an OEM supply contract last year, Tris has secured a long-term exclusive contract through 2039 this year, demonstrating its unrivaled technological and certification barriers. Special alloy tubes for space launch vehicles are known for their high unit prices and the difficulty of replacing suppliers.

Tris recorded sales of approximately 2.98 billion won last year, a more than 39% increase compared to the previous year (approximately 2.14 billion won). Operating profit reached approximately 330 million won, marking a turnaround to profitability.

A Billionths representative stated, "This equity acquisition is a solid move toward entering advanced manufacturing—our future core business—and participating in acquisitions and investments in the global aerospace industry," adding, "We aim to maximize shareholder value by facilitating strategic collaboration among affiliates and making new business achievements visible early on."

This content was produced with the assistance of AI translation services.