# Tomypak proposes to acquire 70% stake in EB Packaging for RM73.5M

Tomypak Holdings Bhd, via its subsidiary Tomypak Flexible Packaging, proposed to acquire a 70% equity interest in flexible plastic packaging firm EB Packaging Sdn Bhd for RM73.5 million, with completion expected in Q4 2023.

- Type: Acquisition
- Announced: 2023-06-14
- Where: Malaysia
- Value: $16.0M (73.5M MYR)
- Status: announced
- Products: flexible plastic packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Tomypak Holdings Bhd](https://endata.com/companies/10679.md) (acquirer)
- [EB Packaging Sdn Bhd](https://endata.com/companies/10680.md) (target)

## Sources

- [thestar.com.my](https://www.thestar.com.my/business/business-news/2023/06/14/tomypak-to-acquire-70-stake-in-eb-packaging), 2023-06-14: "Tomypak Holdings Bhd (Tomypak), through its wholly-owned subsidiary, Tomypak Flexible Packaging Sdn Bhd (TFP), has proposed to acquire 70 per cent equity interest in EB Packaging Sdn Bhd (EB) for RM73.5 million."

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