Duni AB signed a deal to acquire the assets & business of Song Seng Associates PTE Ltd. today. Song Seng operates as a leading provider of food and beverages disposable packaging in Singapore.

Customized solutions are also provided by the company in addition to its large portfolio. The company's clients include restaurants and hotels, food chains, hospitals and other healthcare institutions. Song Seng has a strong position in Singapore. It is also continuously growing in Asia and Oceania through its export business.

The acquisition deal is priced at approximately SG$15 million. The 75% of the purchase price has already been paid while the remaining 25$ will be paid after three years. The additional acquisition price is conditioned according to the firm's profit performance.

Singapore-based Song Seng was established in 1984 with 32 employees. The estimated annual sales of the company is around SG$16 million in 2013. The acquisition of Duni for the company is dated on July 1, 2013.