Mitsui & Co and FP to acquire Lee Soon Seng Plastic Industries from SCGM.

Mitsui & Co, a general trading company, and FP, a company engaged in manufacturing disposable food containers, agreed to acquire Lee Soon Seng Plastic Industries, a firm that engages in the manufacture and sale of functional food containers mainly in Southeast Asia, from SCGM, a food and beverage packaging manufacturer. Financial terms were not disclosed. Mitsui and FPCO will expand sales by utilizing the networks of Mitsui's investees and partners in Southeast Asia, and also introduce FPCO's know-how to improve production efficiency and various production development technologies in order to develop eco-friendly products that ensure safe and trusted dietary lifestyles and meet market needs. In this way, the two companies will contribute to the further growth of LSSPI, as well as the creation of an enriched society by improving Asian dietary lifestyles and their convenience through the provision of functional food containers.