The deal is expected to help expand its customer base in the foodservice sector, retail and wholesale businesses, restaurants and fast-food restaurants in the UK, Europe, and North America, as well as help to expand its market base in ASEAN.
Go-Pak is a distributor of more than 250 foodservice packaging products, including plates, forks and spoons, and cups and glasses, made of polymer and various degradable materials. It has a production capacity of 4,000 million pieces per year and a global network of acquisition agents. Its customer base includes food service providers, retailers and wholesalers in food-related businesses, fast-food restaurants, and food caterers. Between the fourth quarter of 2019 and the third quarter of 2020, Go-Pak earned £68.7 million and its assets are valued at £40.2 million pounds.
Chief executive of SCG Packaging Mr Wichan Jitpukdee said: “Our investment will boost our potential and strengthen our food packaging production and marketing capacities to cope with our enlarged customer base from the UK, Europe and North America. It will also enable us to provide more diverse food packaging solutions for the expanding ASEAN market. With more than 40 years of experience in the packaging business, SCGP will be able to help strengthen Go-Pak’s operations.”