# SCG Packaging to acquire 70% stake in Vietnam's Duy Tan Plastics

Thailand's SCG Packaging signed a share purchase agreement on February 9 to acquire a 70% stake in Duy Tan Plastics Manufacturing Corporation, Vietnam's top rigid plastic packaging producer, as part of a THB10 billion (US$334 million) investment in Vietnam.

- Type: Acquisition
- Announced: 2021-02-01
- Where: Vietnam, Vietnam
- Value: $334.0M (10.0B THB)
- Status: announced
- Capacity: 116,000 tonnes per year (household plastic containers)
- Products: rigid plastic packaging, household plastic containers
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Siam Cement](https://endata.com/companies/6339.md)
- [SCG Packaging](https://endata.com/companies/1313.md) (acquirer)
- [Siam Cement](https://endata.com/companies/6339.md) (investor)
- [Siam Cement](https://endata.com/companies/6339.md) (partner)
- [Duy Tan Plastics Manufacturing Corporation](https://endata.com/companies/7593.md) (target)
- [BDA Partners](https://endata.com/companies/7633.md) (partner)
- [Duy Tan Plastics](https://endata.com/companies/7649.md) (target)

## Sources

- [en.sggp.org.vn](https://en.sggp.org.vn/thailand-packaging-company-inks-partnership-in-vietnam-post87404.html), 2021-02-14: "The latest move is the signing of a share purchase agreement on February 9 to acquire a 70 percent stake in the Duy Tan Plastics Manufacturing Corporation."
- [english.vov.vn](https://english.vov.vn/en/economy/thai-group-purchases-70-stake-in-vietnamese-plastics-manufacturer-838038.vov), 2021-02-19: "SCG Packaging (SCGP), a Thai group, announced to acquire 70% stake in Duy Tan Plastics Manufacturing Corporation (Duy Tan), a producer of rigid plastic packaging in Vietnam."
- [bdapartners.com](https://www.bdapartners.com/transaction/bda-advises-duy-tan-plastics-on-sale-to-scg-packaging/), 2021-02-19: "the shareholders of Duy Tan Plastics Manufacturing Corp ("Duy Tan"), have agreed to sell a 70% stake to SCG Packaging Public Company Ltd ("SCGP"), a subsidiary of Siam Cement."
- [vietnaminsiders.com](https://vietnaminsiders.com/thai-conglomerate-joints-ventures-with-largest-plastic-manufacturer-in-vietnam/), 2021-02-23: "SCG Packaging Public Company Ltd (SCGP), its subsidiary, recently signed an agreement to buy 70 percent of Duy Tan Plastics, the largest manufacturer of rigid plastic packaging products in Vietnam."
- [vietnamstar.net](https://vietnamstar.net/thai-conglomerate-joints-ventures-with-largest-plastic-manufacturer-in-vietnam/), 2021-02-23: "SCGP recently signed an agreement to buy 70 percent of Duy Tan Plastics, the largest manufacturer of rigid plastic packaging products in Vietnam."
- [vir.com.vn](https://vir.com.vn/overseas-packaging-groups-expand-towards-vietnam-82941.html), 2021-03-06: "SCG Packaging is to work with its Vietnamese partners under a 10-billion-baht ($332 million) investment to expand its packaging solution business in Vietnam"
- [asiafoodbeverages.com](https://asiafoodbeverages.com/thai-packaging-firm-to-inject-us334-million-investment-in-vietnam/), 2021-03-22: "The latest move involves the signing of a share purchase agreement in February to acquire a 70% stake in the Duy Tan Plastics Manufacturing Corporation"

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