September 17, 2013
Edelmann Group, one of the leading Germany-based manufacturers of packaging materials, has acquired a 65 per cent share of Solan-based Janus Packaging in India. With 250 employees, Janus Packaging generated revenues of approximately 6 million euros last year. Production focuses on high-end packaging made of board for the beauty care and healthcare segments.
This is Edelmann’s next step in strengthening its presence in the second most dynamic packaging market in the world, after Latin America. According to a recent study conducted by international market research firm Smithers Pira, the packaging industry in Asia will grow by 4.5 per cent per year between 2009 and 2015. That is almost twice as fast as growth in the international packaging market during the same period, which is just 2.6 per cent.
Edelmann Group targets its customers mainly from the pharmaceutical, healthcare, tobacco and confectionery markets. The German packaging major has been seeking potential partner companies in India since 2008.
With its strong manpower of 2,000 employees, Edelmann Group is ranked 11th in the list of the world’s largest packaging specialists. With 1,900 employees last year, the Company generated revenues of 233 million euros, around 52 per cent of which was generated outside Germany. The company is active in cities like Mexico City, Beijing and Warsaw with its own production facilities.