SG's Jebsen & Jessen Packaging acquires 60% of Indo Tirta Abadi

SG's Jebsen & Jessen Packaging acquires 60% of Indo Tirta Abadi

Photo: Indo Tirta Abadi website

Singapore-based Jebsen & Jessen Packaging (JJP) has acquired a 60 per cent stake in Indonesian beverage packaging manufacturer PT Indo Tirta Abadi (ITA), according to a press statement.

The companies signed a sale and purchase agreement on 31 January 2020, while the transaction will be closed in early March. Terms of the deal were not disclosed.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter