# SCG Packaging acquires 90.1% stake in New York recovered paper trader Jordan Trading

SCG Packaging acquired a 90.1% stake in Jordan Trading Inc., a New York recovered paper trader, for US$1.98 million through a Thai subsidiary, adding about 100,000 tons per year of sourcing capacity. The company also partners with Peute, the Netherlands' largest packaging material recycler.

- Type: Acquisition
- Announced: 2022-09-05
- Where: New York, United States
- Value: $1.98M
- Status: completed
- Capacity: 100,000 tons per year of recovered paper sourcing capacity
- Products: recovered paper
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [SCG Packaging](https://endata.com/companies/1313.md) (acquirer)
- [Jordan Trading Inc.](https://endata.com/companies/9658.md) (target)
- [Peute](https://endata.com/companies/9659.md) (partner)

## Sources

- [newsroom.scgpackaging.com](https://newsroom.scgpackaging.com/en/news/scgp-enters-into-packaging-materials-recycling-business-in-the-usa-enhancing-raw-materials-sourcing-capability-and-synergizing-network-in-asean-and-europe-to-strengthen-recycling-efficiency/), 2022-09-05: "the Company recently acquired a 90.1% stake in Jordan Trading Inc.(Jordan), a trader of RCP based in New York, the USA."

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