VILAF warmly congratulates SCG Packaging Public Company Limited (SCG Packaging), a subsidiary of Siam Cement Group, on the successful acquisition of the remaining 30% shares in Duy Tan Plastics Manufacturing Corporation (Duy Tan Plastics), making SCG Packaging the sole shareholder of Vietnam’s leading manufacturer of rigid plastic packaging products. The transaction was made at USD108.6 million.
SCG Packaging previously acquired 70% of the shares of Duy Tan Plastics in 2021.
The strategic buy-out underscores SCG Packaging’s continued commitment to strengthening its presence in Vietnam – a market recognized for its dynamic economic growth and increasing appeal as a regional hub for foreign investment.
VILAF Partners Ngoc Luong Trinh and Hien Tran led the legal advisory for SCG Packaging in this buy-out transaction, with key support from Senior Associate Hanh Vo, Associates Truc Ta, Nguyen Dang, and Hoang Nguyen.
Related article: Thailand’s SCG Packaging becomes sole owner of Vietnam’s leading plastics firm Duy Tan
