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Thailand’s SCGP acquires Dutch packaging material recycling firm Peute for €78.19M
SCG Packaging, a Bangkok-based packaging provider, has acquired Peute, a Dutch company that recycles and trades packaging material, for €78.19M.
SCG Packaging purchased 100 per cent stakes in Peute through SCGP Solutions (Singapore), which is a wholly owned subsidiary of SCGP, the company announced on Monday.
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Show Less The acquisition is in line with SCG Packaging’s long-term strategy to strengthen all levels of packaging business – from raw material sources, upstream and downstream production through to the integrated packaging solutions.
Furthermore, Peute’s expertise in advanced waste management and related technologies would help strengthen SCGP’s…
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