Huhtamaki Oyj, the Finland-based packaging company, will acquire Positive Packaging for a debt-free purchase price of Rs 2,009 crores in a bid to strengthen its position in the fast-growing emerging markets. Positive Packaging is part of the Enpee group of companies, promoted by N P Kirpalani, a non-resident Indian based in Nigeria. It has nine manufacturing facilities…
Empee Group subsidiary Positive Packaging Industries Ltd. has grown through expansion of existing facilities and acquisitions in India and UAE. “We have invested around $ 50 million in setting-up new plants, buying machinery and acquisitions in last few years,” said Anil Sadhwani, Director, RenewSys division. The Mumbai-based company makes printed, laminated and barrier-grade flexible packaging…
The flexible packaging manufacturer Positive Packaging, a part of Enpee Group, has acquired SGRE Labels, Bangalore. This acquisition of the label manufacturing business, which follows the recent integration of ICM Packaging, is part of Positive’s vision to become its customers’ preferred supplier. It provides the company with new label packaging equipment and infrastructure. “We have…
