Corrugated Carton and Paper Box Maker, Ho Chi Minh City

Reference
SI-054
Sector
Manufacturing & Packaging
Location
Thu Duc City, Ho Chi Minh City (next to Binh Duong)
Operating history
11+ years
Status
Operating
Revenue
US$3.3MVND 85bn (2025)
Asking price
Not disclosed
Stake offered
From 30%
Deal type
Minority or flexible stake

Overview

Integrated carton-board and box plant with its own corrugator, flexo and 5-colour offset printing, ISO 9001 and long-standing FMCG customers. Raising capital for 30%, open to any M&A structure.

Key facts and assets

  • Products: carton board and corrugated boxes with high-quality flexo and offset printing; recyclable and biodegradable packaging
  • Own automatic corrugator running at 150 m a minute, so the plant makes its own board from paper reels instead of buying sheets
  • Both flexo printing (high-volume shipping cartons) and a 5-colour offset press (premium gift and retail boxes)
  • In-house QC lab testing box compression (BCT), edge crush (ECT) and water absorption (Cobb), as required by large FMCG buyers
  • ISO 9001:2015 certified; established management systems and a stable team
  • Long-standing customers among large Vietnamese and multinational food, seasoning and beverage groups
  • Plant in Thu Duc City on the Binh Duong border, close to major industrial parks, which keeps delivery costs low
  • Revenue: VND 130bn at peak (2019), VND 109bn (2022), VND 73bn (2023), VND 94.5bn (2024), VND 85bn (2025)

Who it suits

Packaging and paper groups, FMCG suppliers and investors seeking an established carton plant in the HCMC and Binh Duong industrial belt, with existing customers and room to grow.

Transaction sought

Capital raise for 30% of shares, through a joint venture or share sale. Open to every M&A structure, including a larger stake.

USD figures are indicative, converted at about VND 25,500 per US$. Figures come from the seller and are unaudited.

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