Tomypak Holdings Bhd proposed to acquire a 100% stake in Johor-based packaging manufacturer EB Packaging Sdn Bhd for RM120 million to bolster its packaging manufacturing capacity after a fire incident at its Senai plant.

Can-One shareholders have backed a MYR 917.2 million offer for Kian Joo, a Malaysian packaging company.

Scientex agreed to acquire a 42.41% stake in Daibochi through a share swap valued at RM222.5 million, with a mandatory general offer for the remaining stake under consideration.

Atlas Copco Group completed the acquisition of the compressor business of Penang-based JetCan Engineering Sdn Bhd, which sells and services compressed air equipment in northern Malaysia; 24 employees join the group. The price was not disclosed.

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.

Muda Holdings, through subsidiary Federal Packages, agreed to acquire a 60% equity stake in Quantum Total Packages, which runs a corrugated carton factory in Parit Buntar, Perak, for RM15 million. The purchase price was based on net asset value and projected profit.

Can-One Bhd signed a sale and purchase agreement to sell F&B Nutrition Sdn Bhd to Wholesome Dairies Pte Ltd for between RM800 million and RM1 billion. Proceeds will pay down about RM750 million of bank borrowings used to privatise Kian Joo Can Factory.

Wellcall Holdings and Trelleborg Holding signed a shareholders agreement on 15 January 2019 to form a Malaysian company making composite hose and fittings, with Trelleborg holding 51%. Initial capital is US$2.2 million and completion is expected by year end.

Malaysian packaging services firm Scientex agreed with several vendors to acquire a 42.41% controlling stake in Daibochi for MYR222.5 million ($53.11 million), subject to a conditional share sale agreement.

SCGP Solutions (Singapore), a subsidiary of SCG Packaging, acquired a majority stake in Malaysian packaging printer Interpress Printers as of January 19, 2018.

Japan's Rengo acquired a 25% stake in United Packaging Malaysia Pte Ltd, a corrugated box maker in Shah Alam near Kuala Lumpur, in early 2018.

Perangsang Packaging, a wholly-owned subsidiary of Kumpulan Perangsang Selangor, is acquiring the remaining shares of Century Bond at RM1.75 cash per share. On 5 January 2017 it issued compulsory acquisition notices to holders who have not accepted the offer.