Tat Seng Packaging Group completed the transfer of the business, assets and liabilities of United Packaging Industries for a total consideration of S$7,928,396, subject to balance sheet adjustments. UPI becomes inactive and Tat Seng continues its operations.
Family office Treis has acquired full ownership of Singapore packaging company Greenpac, merging it with sister companies Salpac and Sal Packaging to form one international group. The deal is reportedly worth about S$100 million.
Wenzhou XIFA Industrial, a Chinese maker of woven bags, signed a contract with a long-standing client in Singapore for 10,000 big bags. The article does not name the customer.
Boustead Development Partnership, a co-investment partnership of Boustead Projects and Abu Dhabi Investment Council, secured a development contract for an integrated production and warehouse facility in Singapore to be leased long-term to Amcor Flexibles Singapore. The facility is expected to be completed by Q3 2019 and covers about 6,922 square metres GFA.
Triple i Logistics Public Company Limited announced the acquisition of a 50% stake in DG Packaging Pte. Ltd. on 18 June 2018.
Sealed Air agreed to acquire a 100% stake in Fagerdala Singapore, formerly Inducel Industrial Foams, for approximately 100 million dollars. Fagerdala makes polyethylene foam.