SCGP, an industrial company that focuses on offering packaging services and solutions, agreed to acquire Peute, an operator of paper and plastic processing business catering, from Dudok Groep, a developer of real estate projects focused on inner-city redevelopment, logistics and properties with convincing development potential, for $78m. The acquisition enables the company to attain an additional one million tons per year of recovered paper and strengthens its integrated packaging business, from sources of raw materials, upstream and downstream production through to integrated packaging solutions, while also augments the ability to fulfil consumers’ needs for sustainable packaging and enhances the efficiency of recycling operations in ASEAN with leading technologies.