# SCGP to acquire 70% of Vietnam carton packaging maker Starprint Vietnam

SCG Packaging's board approved buying a 70% stake in Starprint Vietnam JSC, an offset folding carton maker in Dong Nai, Vietnam, for up to 1,050 billion dong (about 1.5 billion baht). Flexible packaging maker Starflex will take 25% of the vehicle after the deal, which is expected to close in Q3 2023.

- Type: Acquisition
- Announced: 2023-04-25
- Where: Long Binh industrial zone, Dong Nai, Vietnam
- Value: $45.0M (1050.0B VND)
- Status: announced
- Capacity: 16,500 tonnes per year offset printing; 8 million rigid boxes per year
- Products: offset folding cartons, rigid boxes
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [SCG Packaging](https://endata.com/companies/1313.md) (acquirer)
- [Starflex](https://endata.com/companies/8440.md) (partner)
- [Starprint Vietnam JSC](https://endata.com/companies/10504.md) (target)

## Sources

- [kaohoon.com](https://www.kaohoon.com/news/601912), 2023-04-25: "บอร์ด SCGP ไฟเขียวทุ่มเงินกว่า 1.5 พันล้านบาท ลงทุน"
- [nationthailand.com](https://www.nationthailand.com/business/corporate/40026972), 2023-04-26: "The deal is worth around 1.050 trillion Vietnamese dong, or approximately 1.534 billion baht."

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