# SCG acquires 80% of Indonesian corrugated container maker Indocorr

SCG acquired an 80% stake in PT Indocorr Packaging Cikarang for a transaction value of Rp 145 billion, expanding its ASEAN corrugated container capacity to 1,045,000 tons per year.

- Type: Acquisition
- Announced: 2017-04-25
- Where: Cikarang, Indonesia
- Value: $10.9M (145.0B IDR)
- Status: completed
- Capacity: 32,000 tons per year
- Products: corrugated containers
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [PT Indocorr Packaging Cikarang](https://endata.com/companies/1316.md) (target)
- [SCG](https://endata.com/companies/1340.md) (acquirer)
- [Indocorr Packaging Cikarang](https://endata.com/companies/1405.md) (target)

## Sources

- [foru.co.id](https://foru.co.id/blog/2017/04/26/perluas-bisnis-kemasan-di-asean-scg-akuisisi-indocorr/), 2017-04-26: "SCG telah melakukan akuisisi 80% saham PT Indocorr Packaging Cikarang (Indocorr) dengan nilai transaksi mencapai Rp 145 miliar"
- [industry.co.id](https://www.industry.co.id/read/8137/scg-akuisisi-indocorr-cikarang-perkuat-bisnis-kemasan-di-asean), 2017-05-09: "Selain sejalan dengan visi perusahaan, akuisisi ini bertujuan untuk memperluas bisnis kemasan di ASEAN"

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