SCGP closes deal to buy 90% stake in JZF for 68 million baht, adding 28,000 tonnes of annual capacity

M&A · Partnership
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Summary · why it matters

SCG Packaging, or SCGP, has closed a deal to acquire a 90% stake in Jinjongfa Paper Industry Co., Ltd., or JZF, a corrugated cardboard packaging manufacturer in Chonburi province, for an investment value of 68 million baht. The investment will add 28,000 tonnes per year of production capacity and expand its customer base from China as well as the fruit export market. Wichan Jitpukdee, Chief Executive Officer of SCGP, said JZF's main customer base consists of operators in the fruit export market to China, and its plant is located in a strategic location near customers in the eastern region, which has high growth potential. In 2025, JZF had revenue of 205 million baht, total assets of 240 million baht, and production capacity of 28,000 tonnes per year. SCGP will begin recognising JZF's operating results in its consolidated financial statements from October 2026 onwards. The investment is in line with SCGP's strategic plan to expand its consumer packaging business in the ASEAN region, while creating operational, cost management and commercial synergies, as well as sales of other related products and services.

Impact on stocks 1

Materials▲ · 1 stocks
SCG Packaging Public Company Limited
SCGP
▲ PositiveCapitalrelevance

SCGP closed a 68-million-baht acquisition of a 90% stake in JZF, adding 28,000 tonnes of annual capacity and expanding its customer base.

Off-coverage companies 1

Jin Jong Fa Paper Industry Co., Ltd. (JZF)Private▲ Positive
Capitalrelevance

JZF is being acquired by SCGP at a 90% stake for 68 million baht, bringing it into SCGP's consolidated financials from October 2026.

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