# SCG Packaging to acquire 70% stake in Starprint Vietnam

Thailand's SCG Packaging (SCGP) agreed to acquire a 70% stake in offset folding carton producer Starprint Vietnam through its Singapore subsidiary, at an estimated value of VND676.08bn ($27.73m). The plant operates in the Long Binh Industrial Zone in Dong Nai, Vietnam.

- Type: Acquisition
- Announced: 2023-12-01
- Where: Dong Nai, Vietnam
- Value: $27.7M (676.1B VND)
- Status: announced
- Capacity: 16,500 tons of offset printing and eight million units of rigid boxes per year
- Products: offset folding cartons, rigid boxes
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [SCG Packaging](https://endata.com/companies/1313.md) (acquirer)
- [Starflex](https://endata.com/companies/8440.md) (partner)
- [Starprint Vietnam JSC](https://endata.com/companies/10504.md) (target)
- [Starflex Public Company](https://endata.com/companies/11363.md) (partner)

## Sources

- [packaging-gateway.com](https://www.packaging-gateway.com/news/scgp-stake-spv/), 2023-12-19: "SPV will be SCGP's first high-quality rigid boxes facility in ASEAN and our first offset folding carton production base in Vietnam."
- [sustainabilitymea.com](https://www.sustainabilitymea.com/scgp-subsidiary-strengthens-portfolio-with-90-stake-acquisition-of-vem-th/), 2024-07-01: "SCGP announced last December the acquisition of a 70% stake in offset folding carton producer Starprint Vietnam (SPV) for VND676.08 billion (US$27.73m)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.