# SCG Packaging completes 90% acquisition of Thai injection molder VEM-TH

SCG Packaging (SCGP) completed the acquisition of a 90% stake in VEM Thailand, a polymer injection molding maker in Rayong, through its Singapore subsidiary for up to Bt146.2 million (US$4m). The deal was announced on 1 July 2024.

- Type: Acquisition
- Announced: 2024-07-01
- Where: Rayong, Thailand
- Value: $4.00M (146.2M THB)
- Status: completed
- Products: high-performance polymer injection molding parts, customized molds, medical device components
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [SCG Packaging](https://endata.com/companies/1313.md) (acquirer)
- [VEM Thailand](https://endata.com/companies/12019.md) (target)

## Sources

- [sustainabilitymea.com](https://www.sustainabilitymea.com/scgp-subsidiary-strengthens-portfolio-with-90-stake-acquisition-of-vem-th/), 2024-07-01: "The deal was executed through SCGP's wholly-owned subsidiary, SCGP Solutions (Singapore), and the investment was capped at Bt146.2 million (US$4m)."

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