SCG Packing acquires UK firm Go-Pak to expand its business
SCG Packaging (SCGP) has signed a contract to buy 100 per cent stake in Go-Pak UK Limited (Go-Pak) on Monday to expand its food packaging business.
SCGP chief executive officer Wichan Jitpukdee said the transaction would be made by its subsidiaries, expecting to be completed by December this year.
He said the acquisition of Go-Pak would help expand the company's food packaging business by expanding customer bases in the UK, Europe and North America markets.
"Also, it would help increase the company's competitiveness by adding a variety of food packaging solutions and expand production bases," he said.
Go-Pak is one of the leading food packaging solutions providers in the UK, Europe and North America. Its head office is located in Bristol in the UK, while its production base is located in the southern part of Vietnam.
Go-Pak's customer base consists of retailers and wholesalers in the food service and restaurant sectors, as well as outside catering service providers.
Go-Pak's revenue in the previous 12 months was 68.7 million pounds sterling (Bt2.8 billion), while its assets at the end of the third quarter was 40.7 million pounds sterling (Bt1.65 billion). The company's food packaging production capacity was 4 billion pieces per year with over 250 types of products.
