The acquisition is intended to strengthen Parksons’ presence in the food and beverage segment in North and West India.
November 29, 2021
Parksons Packaging has announced that it has acquired a 100 percent stake in folding carton manufacturer Manohar Packaging for an undisclosed amount.
Manohar Packaging has a strong presence in the alcoholic beverages and confectionery packaging segment, and the acquisition will help Parksons Packaging strengthen its pan-India footprint.
Manohar Packaging operates through two advanced manufacturing facilities, which have the capacity to convert more than 100 million sheets a year.
Parksons Packaging has six manufacturing plants located across Daman, Chakan, Pantnagar, Guwahati, and Sricity combined with Manohar’s presence in Goa and Punjab, which will further enhance the combined company’s reach and serve customers effectively across the country.
“Parksons has consistently been at the forefront of delivering high service quality and innovation to our customers. Adding Manohar’s depth of services and domain expertise strengthens our offerings in the Food & Beverage segment and increases our footprint in North and West India,” says Mr. Siddharth Kejriwal, Managing Director, Parksons Packaging.
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Mr. Aditya Patwardhan, CEO, Manohar Packaging said, “This is an outstanding opportunity to continue our growth journey as part of Parksons and build the country’s leading folding carton manufacturer. Based on Parksons’ values, core capabilities, excellent brand reputation, and backing by Warburg Pincus, it’s a natural fit that reinforces our long-term vision and relationships with customers.”
