# SCG Packaging completes acquisition of Vietnamese packaging firm SOVI

SCG Packaging completed its acquisition of a 94.11% stake in Bien Hoa Packaging (SOVI), a listed Vietnamese corrugated box maker, for about 2.07 trillion dong. The deal closed on 18 December 2020, with SOVI consolidated from January 2021.

- Type: Acquisition
- Announced: 2020-12-18
- Where: Ho Chi Minh City area, Vietnam
- Value: $89.4M (2070.0B VND)
- Status: completed
- Products: corrugated boxes, offset laminated packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [SCG Packaging](https://endata.com/companies/1313.md) (acquirer)
- [Bien Hoa Packaging](https://endata.com/companies/6340.md) (target)

## Sources

- [kaohoon.com](https://www.kaohoon.com/breakingnews/409452), 2020-12-18: "SCGP has acquired 12,076,587 shares or 94.11% in SOVI from the existing shareholders."
- [nationthailand.com](https://www.nationthailand.com/business/30399815), 2020-12-18: "SCGP informed the Stock Exchange of Thailand on Friday that it has acquired 12,076,587 shares, or a 94.11 per cent stake, in SOVI."

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