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May 30, 2013

Rengo to Acquire Shares in Corrugated Packaging Manufacturers in Thailand

Rengo Co., Ltd. (Head Office: Kita-ku, Osaka, President & CEO: Kiyoshi Otsubo) announces that its Thai joint venture company, Thai Containers Group Co., Ltd. has signed Conditional Shares Purchase Agreements to acquire 75% stakes in both Dyna Packs Company Limited and Orient Containers Company Limited, corrugated packaging manufactures operating in Samutsakorn.

Further growth of corrugated demand in Thailand can be expected as many Japanese companies choose the country as their manufacturing base in the ASEAN region, and as national income increases. The acquisition will increase the Rengo Group’s corrugated box annual production capacity in Thailand to 801,000 tons and the number of corrugated production plants to 13.

The corrugated packaging business in Southeast Asia is an important strategic focus for the overseas business of the Rengo Group—which aims to be a “General Packaging Industry” (GPI)—and Rengo will work to further enhance its corrugated packaging supply system in the region.

 

Overview of Acquiring Company

Thai Containers Group Co., Ltd. (“TCG”)

Address 1 Siam Cement Road, Bangsue, Bangkok 10800, Thailand
Representative

Poramate Larnroongroj

Shareholders Rengo Co., Ltd. 30%
SCG Paper Public Limited Company 70%
Main business Manufacture and sale of corrugated packaging

 

Companies to Be Acquired by TCG

1. Dyna Packs Company Limited

Address 297/2 Moo 2 Soi Viroonrastr, Setakit Rd., 1 Omnoi, Kratoomban,
Samutsakorn 74130, Thailand
Representative

Adisak Ovathitsakul

Main business Manufacture and sale of corrugated packaging

2. Orient Containers Company Limited

Address 12/5, 12/8 Moo 8, Bankoh, Muang, Samutsakorn 74000, Thailand
Representative

Adisak Ovathitsakul

Main business Manufacture and sale of corrugated packaging

●The Rengo Group’s corrugated packaging and containerboard business locations overseas

●The Rengo Group’s corrugated packaging and containerboard business locations overseas