SCG acquires stake in Malaysian fast food packager
COLOGNE, Germany, Feb. 9, 2018 (PPI Asia) -SCGP Solutions, a Singaporean subsidiary of Thailand’s SCG Group, has announced the purchase of 68.3% stake in Malaysia’s Interpress Printers Sendirian Berhad (IPSB).
The deal was worth Ringgit 104.5 million ($26 million).
IPSB is a packaging company active in the fast food industry. It produces folding cartons, trays, clamshells, wrappers and bags.
SCG, a major board packaging producer, explained the purchase as a means to becoming an integrated or “total packaging solutions” provider in Southeast Asia, and enhance its activities in the fast food service sector.