In one of the largest in-bound investments in eastern India this year, Austrian film-based flexible packaging manufacturer, Constantia Flexibles have completed the acquisition of a majority shareholding in Kolkata-based Creative Polypack for an undisclosed sum, making it India’s third largest flexible packaging company also gaining a stronger footprint in the HPC market, reported The Hindu.
Khaitan & Co advised the promoters and shareholders of
Founded in 1986, Creative Polypack manufactures film-based flexible packaging for the food and home & personal care industries, as well as paper-based soap wrappers and currently has about 850 employees at eight production sites in Baddi, Kanpur, Kolkata, Assam and Puducherry, in northern, eastern and southern India, with a sales figure of around €75m as of March 31, 2018, as per the press release by Constantia Flexibles.
2018-03-23
This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.
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