# Rengo's Thai Containers Group acquires 80% of PT Indocorr Packaging Cikarang

Thai Containers Group, a joint venture of Rengo and SCG Packaging, completed the acquisition of an 80% stake in PT Indocorr Packaging Cikarang, a corrugated packaging maker in eastern Jakarta, Indonesia.

- Type: Acquisition
- Announced: 2017-04-24
- Where: Eastern Jakarta, Cikarang, Indonesia
- Status: completed
- Products: corrugated packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [SCG Packaging](https://endata.com/companies/1313.md) (partner)
- [Rengo](https://endata.com/companies/1314.md) (acquirer)
- [Rengo](https://endata.com/companies/1314.md) (partner)
- [Thai Containers Group](https://endata.com/companies/1315.md) (acquirer)
- [PT Indocorr Packaging Cikarang](https://endata.com/companies/1316.md) (target)
- [Indocor Packaging Cikarang](https://endata.com/companies/1333.md) (target)

## Sources

- [lesprom.com](https://www.lesprom.com/en/news/Rengo_acquires_80_stake_in_PT_Indocorr_Packaging_Cikarang_78192/), 2017-04-24: "Thai Containers Group Co., Ltd. (TCG)... has completed the acquisition of an 80% stake in PT Indocorr Packaging Cikarang"
- [en.lnews.jp](https://en.lnews.jp/2017/04/j042415.html), 2017-04-25: "Thai Containers Group (TCG), had acquired 80% of the shares of Indocor Packaging Cikarang (formerly Smurfit Containers Indonesia), a corrugated cardboard manufacturer located in eastern Jakarta, Indonesia."
- [thepackagingportal.com](https://www.thepackagingportal.com/industry-news/thai-containers-group-takes-big-stake/), 2017-04-26: "Thai Containers Group Co Ltd, a joint venture between Rengo and SCG Packaging Public Co Ltd, has completed the acquisition of an 80 per cent stake"

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