Manohar Packaging News Today

Close on the heels of acquiring Gujarat-based MK Printpack, Parksons Packaging, the Warburg Pincus-backed packaging giant in India, has announced that it has completed the acquisition of Fortuner Packaging’s business by way of a slump sale.

Parksons will leverage Printpack’s packaging solutions and technical expertise in fluted packaging—using reinforced cardboard—to augment its portfolio.

Parksons Packaging acquires MK Printpack

Indian omnichannel jewellery and lifestyle retailer Vaibhav Global (VGL) has agreed to acquire a majority stake in Encase Packaging Private.

‘The deal was signed in the range of 200-250 crore INR, said people in the know. The combined entity will have revenue of around 1,500 crore INR in FY22,’ Economic Times reported in an article. Following the transaction, Manohar Packaging CEO Aditya Patwardhan will remain at the company as part of its management team. Patwardhan said: ‘This is an outstanding opportunity to

The Indian folding carton industry is a fragmented lot. Even today, 50% of the industry is unorganised. The pundits say that a significant percentage of the unorganised sector will transform into the organised. Siddharth Kejriwal, managing director at Parksons Packaging, says, "If it's 50:50 today, we expect it will be in the ratio of 70:30 in favour of the organised market. This should lead to fair and better margins for the industry." Parksons' acquisition of Manohar Pack...

Warburg Pincus had acquired a majority stake in Parksons Packaging Ltd this April.

India's largest folding carton manufacturer, Parksons Packaging, has acquired Manohar Packaging's 100% operations. The acquisition includes Manohar's Goa and Punjab plants and is part of Parksons' inorganic growth. Manohar Packaging will now be a wholly-owned subsidiary of Parksons.