# Rengo's Thai JV TCG acquires 94.11% of Vietnam's Bien Hoa Packaging

Rengo's joint venture Thai Containers Group acquired 94.11% of Bien Hoa Packaging, a listed Vietnamese corrugated packaging and folding carton maker near Ho Chi Minh City. After the deal Rengo will have six corrugated and two folding carton plants in Vietnam.

- Type: Acquisition
- Announced: 2021-01-14
- Where: near Ho Chi Minh City, Vietnam
- Status: completed
- Capacity: two corrugated plants and one folding carton plant
- Products: corrugated packaging, folding cartons
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Rengo](https://endata.com/companies/1314.md) (acquirer)
- [Rengo](https://endata.com/companies/1314.md) (investor)
- [Thai Containers Group](https://endata.com/companies/1315.md) (acquirer)
- [Bien Hoa Packaging](https://endata.com/companies/6340.md) (target)

## Sources

- [thepackagingportal.com](https://www.thepackagingportal.com/industry-news/rengo-acquires-shares-in-bien-hoa-packaging/), 2021-01-14: "has acquired 94.11% of the shares in Bien Hoa Packaging Joint Stock Company, a corrugated packaging and folding carton manufacturer"
- [paperage.com](https://www.paperage.com/2021news/01_20_2021rengo_acquires_bien_hoa_packaging.html), 2021-01-20: "Thai Containers Group Co., Ltd., (TCG) has acquired 94.11% of the shares in Bien Hoa Packaging Joint Stock Company"
- [globalpapermoney.com](https://www.globalpapermoney.com/rengo-acquires-bien-hoa-packaging-in-vietnam-cms-13076), 2021-02-02: "Rengo Co., Ltd announced that its joint venture in Thailand, Thai Containers Group Co., Ltd., (TCG) has acquired 94.11% of the shares in Bien Hoa Packaging Joint Stock Company."

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