# SCGP completes acquisition of 75% stake in Indonesia's Intan Group

SCG Packaging completed the 75% share acquisition of Intan Group, an Indonesian corrugated container producer, on August 13, 2021, for 822 billion rupiah upfront through a joint venture with Rengo.

- Type: Acquisition
- Announced: 2021-08-13
- Where: Surabaya, Semarang, Bekasi, Indonesia
- Value: $57.0M (822.0B IDR)
- Status: completed
- Capacity: 11 corrugated packaging factories in total for Rengo group after deal
- Products: corrugated containers
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [SCG Packaging](https://endata.com/companies/1313.md) (acquirer)
- [Rengo](https://endata.com/companies/1314.md) (partner)
- [Thai Containers Group](https://endata.com/companies/1315.md) (acquirer)
- [Intan Group](https://endata.com/companies/7944.md) (target)
- [PT Intan Ustrix](https://endata.com/companies/8358.md) (target)

## Sources

- [kaohoon.com](https://www.kaohoon.com/news/470072), 2021-08-16: "SCGP has announced the completion of the 75% share acquisition of Intan Group, a leading producer of corrugated containers in Indonesia."
- [ryt9.com](https://www.ryt9.com/en/prg/251703), 2021-08-17: "SCGP has announced completion of the 75% share acquisition of Intan Group, a leading producer of corrugated containers in Indonesia."
- [thaipr.net](https://www.thaipr.net/en/finance_en/3087345), 2021-08-17: "SCGP has announced completion of the 75% share acquisition of Intan Group, a leading producer of corrugated containers in Indonesia."
- [lesprom.com](https://www.lesprom.com/en/news/Rengo_acquires_shares_from_corrugated_packaging_manufacturers_in_Indonesia_100309/), 2021-09-07: "Rengo announces that its joint venture in Thailand, Thai Containers Group ("TCG"), has acquired 75% of the shares in Indonesian corrugated packaging manufacturers."

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