Global law firm Clyde & Co has advised Thai Plaspac Public Company Limited (TPAC) on the acquisition of an 89% stake in Sun Packaging Systems FZC (Sun Packaging). TPAC is a leading manufacturer and distributor of plastic packaging listed on the Stock Exchange of Thailand. Sun Packaging is a UAE-based manufacturer and exporter of integrated packaging solutions.
TPAC's acquisition of Sun Packaging will provide TPAC with its first footprint into the Middle East plastics and packaging market. Clyde & Co acted as sole counsel to TPAC during all stages of the transaction.
Abhi Jalan, Corporate Partner at Clyde & Co in Dubai, comments: "We were delighted to assist TPAC to complete the acquisition of Sun Packaging. We look forward to continuing to assist TPAC and Sun Packaging with their business expansion and growth both locally and globally".
Kevin Sharma, Chief Executive Officer of TPAC says: "With this transaction TPAC further expands our geographic reach into the GCC, a region which we believe has tremendous potential. We look forward to now serving our multinational customers here, and developing new relationships with the many vibrant local businesses and entrepreneurs within the region."
The Clyde & Co team was led by Abhi Jalan, with the support of Munisha Khatwani (Senior Associate – Corporate) and Nisha Johar (Associate - Corporate).
Clyde & Co has forged a reputation as a go-to firm for M&A and JV transactions, with the largest corporate practice in the Middle East with 25 partners and over 70 experienced lawyers. Clyde & Co has assisted clients in realising their investments, gaining access to new markets through organic growth/strategic acquisitions and in achieving their corporate objectives for 30 years in its key focus sectors.
Clyde & Co has the largest presence and is one of most experienced international law firms in the Middle East with over 48 partners and 400 staff, based full time in Abu Dhabi and Dubai in the UAE, Doha in Qatar, Muscat* in Oman and Riyadh in Saudi Arabia, providing a full-service commercial offering of local specialists across most business sectors and practice areas.
* Office of Fatma Al Mamari Advocacy and Legal Consultancy Firm, in association with Clyde & Co.