Parksons, backed by Warburg Pincus, acquires Manohar Packaging
Parksons Packaging Limited, backed by Warburg Pincus, the largest independent manufacturer of folding boxes in India, today announced the acquisition of Manohar Packaging, a leading producer of folding boxes with a strong presence in high-end segments. range of alcoholic drinks and confectionery.
Manohar Packaging, founded in 1994, is one of India’s leading producers of cardboard packaging and the industry leader in the alcoholic beverage segment. Manohar’s in-depth industry expertise and long-standing relationships with its renowned clientele bring significant synergies to Parksons domain expertise and depth of service.
With two state-of-the-art manufacturing facilities across India, Manohar Packaging has the capacity to convert more than 100 million sheets per year and serve its customers, according to a press release.
Factories bring high strategic value to Parksons Packaging and are significantly scalable for future growth. Parksons’ Pan-Indian footprint through its 6 manufacturing plants located in Daman, Chakan, Pantnagar, Guwahati and Sricity, combined with Manohar’s presence in Goa and Punjab, will further enhance the reach of the combined business and effectively serve the customers across the country, Parksons Packaging press release mentioned.
Siddharth Kejriwal, Managing Director of Parksons Packaging, said: âThe addition of Manohar’s depth of service and expertise in the field strengthens our offerings in the food and beverage segment and increases our presence in the food and beverage segment. north and west India.
Aditya Patwardhan, CEO of Manohar Packaging, said: âBased on Parksons’ values, core capabilities, excellent brand reputation and support from Warburg Pincus, this is a natural complement that strengthens our long-term vision and our relationships with customers.
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Posted on: Monday, November 29, 2021 10:16 am IST