M&A Deal Summary

Toyo Seikan Group Holdings Acquires Plastic Centre Group

On February 29, 2024, Toyo Seikan Group Holdings acquired manufacturer Plastic Centre Group from Advantage Partners

Acquisition Highlights
  • This is Toyo Seikan Group Holdings’ 1st transaction in the Manufacturing sector.
  • This is Toyo Seikan Group Holdings’ 1st transaction in Malaysia.

M&A Deal Summary

Date 2024-02-29
Target Plastic Centre Group
Sector Manufacturing
Buyer(s) Toyo Seikan Group Holdings
Sellers(s) Advantage Partners
Deal Type Add-on Acquisition

Target

Plastic Centre Group

Klang, Malaysia
Plastic Centre Group is a manufacturer of rigid plastic packaging and has since diversified into contract manufacturing of home care, personal care and pharma related products. Plastic Centre Group was founded in 1972 and is based in Klang, Malaysia.

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Buyer(S) 1

Buyer

Toyo Seikan Group Holdings

Tokyo, Japan

Category Company
Founded 1917
Sector Packaging
DESCRIPTION

Toyo Seikan Group Holdings Ltd. is a provider of packaging containers made of a wide range of materials such as metal, plastic, paper, and glass. Toyo Seikan Group was founded in 1917 and is based in Tokyo, Japan.


DEAL STATS #
Overall 2 of 2
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Malaysia M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-01 Stolle Machinery Co.

Centennial, Colorado, United States

Stolle Machinery Co., LLC is a manufacturer of a wide array of highly engineered equipment used by global can-makers to manufacture and decorate aluminum or steel can bodies and easy-open ends used primarily to package carbonated soft drinks, beer, and various foods.

Buy -

Seller(S) 1

SELLER

Advantage Partners

Singapore, Singapore

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 4.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Partners LLP is a Japanese private equity firm focused on investing public and private companies. Advantage targets businesses operating in the fields of distribution/retail, consumer products, manufacturing, telecommunications, IT/software and financial services. The Firm will consider a variety of transactions including corporate divestitures, acquisitions, buyouts, public to private, recapitalizations, and growth capital financings. Advantage Partners was formed in 1992 and is based in Tokyo.


DEAL STATS #
Overall 34 of 36
Sector: Manufacturing M&A 4 of 5
Type: Add-on Acquisition M&A Deals 22 of 22
Country: Malaysia M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Asante

Tokyo, Japan

Asante provides house amenities and sanitation services. The company provides housing maintenance services, including termite control, moisture measures, earthquake counter measures, high insulation construction, solar power generation systems, and renovation/new construction services. Asante was founded in 1970 and is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-01 SRS Holdings

Osaka, Japan

SRS Holdings operates a chain of food restaurant. SRS Holdings was founded in 1951 and is based in Osaka, Japan.

Buy -