Duy Tan: A Strategic Acquisition by SCG Packaging
Deal News | Jun 16, 2025 | EIN
SCG Packaging, a subsidiary of Thailand's SCG Group, has completed its acquisition of Duy Tan Plastic Manufacturing. The transaction marks SCG's acquisition of a 100% stake in Duy Tan, a leading company in the Vietnamese rigid plastic packaging market, following its initial 70% stake purchase in 2021. This strategic move was executed through SCGP Rigid Packaging Solutions Pte Ltd, a subsidiary of SCG, with an additional investment of over VN2.8 trillion ($108 million), valuing Duy Tan at approximately VN9.4 trillion. Duy Tan reported revenues of VN5.4 trillion in 2024. The acquisition is aligned with SCG's strategy to expand its packaging division through mergers and acquisitions, particularly within the expanding Vietnamese market, which SCG deems a priority due to its fast economic growth.
Sectors
- Packaging Industry
- Plastics Industry
- Investment and M&A
Geography
- Vietnam – Duy Tan Plastic Manufacturing is based in Vietnam, which is identified as a strategic market by SCG.
- Thailand – SCG Group is based in Thailand and considers Vietnam its second most important strategic market after its domestic market.
Industry
- Packaging Industry – The article relates to SCG's strategic expansion in the packaging sector through the acquisition of Duy Tan, a key player in rigid plastic packaging.
- Plastics Industry – Duy Tan operates in the rigid plastic packaging market, making the plastics industry relevant to this acquisition.
- Investment and M&A – The acquisition of Duy Tan by SCG Packaging represents strategic mergers and acquisitions activity.
Financials
- VN2.8 trillion (US$108 million) – Additional investment made by SCG to acquire the remaining stake in Duy Tan.
- VN9.4 trillion – Total valuation of Duy Tan after the acquisition.
- VN5.4 trillion – Reported revenues of Duy Tan in 2024.
- VN578 billion – Net profit after tax reported by Duy Tan in 2024.
- VN4.6 trillion – Total assets of Duy Tan reported in 2024.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SCG Packaging | Bidding Company | Companies | A subsidiary of Thailand's SCG Group focused on expanding its presence in the ASEAN packaging sector through acquisitions. |
| Duy Tan Plastic Manufacturing | Target Company | Companies | A leading manufacturer of rigid plastic packaging in Vietnam recognized for innovation and sustainability. |
| SCGP Rigid Packaging Solutions Pte Ltd | Other Companies | Companies | A wholly-owned subsidiary of SCG Packaging that executed the acquisition transaction. |