Packaging

Lombard Realizes 3.5x Return on Strategic Sale of Packaging Company

Tuesday 29. March 2011 - Lombard Investments, Inc. announced today that it has sold its 23% stake in paper packaging manufacturer, S.Pack & Print Public Company Limited ("S.Pack") to Oji Paper Company Limited, realizing a 3.5x return. Oji Paper Company Limited, founded in 1873 and based in Chuo-ku, Tokyo, is Japan's leading paper packaging and related product manufacturer.

Lombard invested in the then privately held company through its Thailand Equity Fund in order to facilitate financial restructuring, a subsequent IPO, and expansion. During Lombard’s holding period, the Company built a strong market position that benefited from Thailand’s growing export trade. Pote Videt, Managing Director of Lombard, said: “We are very pleased to have worked with S.Pack’s capable management, led by its founder, Yuth Chinsupakul, to improve efficiency and enhance performance. Moreover, we believe that through Oji’s involvement, the Company will continue its pattern of strong growth and superior financial performance.”