SCG Packaging Plc (SCGP) is taking over Peute Recycling BV, the largest packaging material recycling company in the Netherlands, in a move to strengthen its recycling business.
The company offered to buy a 100% stake in Peute for €78.1 million, around 2.87 billion baht, said Wichan Jitpukdee, chief executive of SCGP.
"The acquisition is important to our long-term strategy which is aimed at strengthening all levels of packaging businesses, from raw material sourcing to upstream and downstream manufacturing," he said.
