Bangkok--1 Oct--MT Multimedia
Mr Somsak Borrisuttanakul, chief executive (second from left), and Mr Kamol Borrisuttanakul, chief financial officer (from left), of TPBI Public Company Limited ("TPBI"), cosigned agreements with Mr John A. Wilkinson (second from right) and Mr Duncan A. Edwards (from right) to buy all ordinary shares in Intelipac Paper Manufacturing Ltd (IPM) and Intelipac Limited (ITP), which are based in the UK, and 25% of the ordinary shares in Intelipac Australia PTY Limited (ITPA, based in Australia, the remaining 75% are currently held by Intelipac Limited) to pave way for TPBI to become a producer and supplier of paper packaging products for the food industry and expand the market for reusable plastic packaging products in Australia, UK and other European countries, as part of its moves to implement its Transformation Strategy to tap the growing demand for eco-friendly packaging products. The deals will grow TPBI's revenue by about THB 1 billion per year.