Acquisition to Boost Growth and Capability

 
Jebsen & Jessen Packaging has signed an agreement to acquire Synthetic Oriental Sdn. Bhd., a plastic injection and blow moulder based in Malaysia.

The acquisition is in line with Jebsen & Jessen Packaging’s growth strategy and is expected to strengthen its capabilities and market share as a leading plastic bottles manufacturer and supplier. Chui Tau Siong, Regional Managing Director of Jebsen & Jessen Packaging, said: “This acquisition of HDPE, PP and PS blow and injection moulding will expand and complement the PET product line of our current business in Labplas. In addition, our management and knowledge of blow and injection moulding will be further strengthened by the talent joining us.”

Group Chairman Heinrich Jessen added: “This acquisition captures two of our Group’s key strategic thrusts – investing in the value chain of the products we sell (in this case, considerable design capability as well as production and just-in-time logistics know-how) and achieving market niche leadership (in this case, providing multi-material packaging solutions in Malaysia and beyond with our existing Labplas setup).”

The transaction is expected to be completed by January 1, 2016.