By: Frank Antosiewicz
May 2, 2014
Singapore-based plastics packaging company Dynapack Asia Pte. Ltd. has acquired a Chinese plastic products company, according to its financial advisers.
Dynapack on March 6 closed on a deal to buy the Chinese manufacturer, which does both blow and injection molding. Details, including the identity of the acquired company, were not available.
Dynapack Asia is a manufacturer of rigid plastic packaging for local and international markets. It has production facilities in Indonesia, Thailand and Vietnam.
Earlier this year, Dynapack noted it recently invested $19 million to expand in Vietnam, while in 2013 acquired Singapore packaging company Viscount Malaysia.
The company molds packaging for the food and beverage, cosmetic, pharmaceutical and chemical markets. It also makes precision components for the automotive, appliance, consumer and computer industries.
Deloitte Corporate Finance LLC and Deloitte & Touche Corporate Finance Pte Ltd. were exclusive financial advisors to Dynaplast and are assisting in the company’s pursuit of acquisition targets worldwide.