The enterprise value for the Rich Printers deal is 117 crore (around $14 million at current exchange rates), the company said. The move follows Ansapack's acquisition of a Sikkimbased pharma flexibles manufacturing facility for 100 crore a year and a half ago.
According to a statement by Mumbai-based Ansapack, the combined entity will operate five paper conversion manufacturing plants in India, asserting its position as the leading pharma folding carton manufacturer in India.
The packaging company aims to achieve a capacity of 40,000 tonnes in FY25 and seeks to double it subsequently.
Denne historien er fra January 03, 2024-utgaven av Mint Mumbai.
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Denne historien er fra January 03, 2024-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Deliver food with 45 days' shelf life: FSSAI
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Zydus Life reports strong Q2 growth
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JSW Defence to tie up with US firm
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