Bangalore-based rigid packaging firm, Manjushree Technopack Ltd, has announced the acquisition of Varahi Limited. The strategic move a first for India's largest PET and preform manufacturer; it has widened its lead as the largest supplier of rigid plastic packaging products in India.
With this acquisition, Manjushree now has seven manufacturing locations units across India with a total production capacity of 4 billion units per annum. The 8th location of Guwahati, Assam is slated to commercialise operations in Jan 2017.
Manjushree's client portfolio boasts of top FMCG brands in India including the likes of GSK, Coca-Cola, Nestle, Mondelez, PepsiCo, Reckitt Benkiser and many others. This acquisition has swelled its client base to over 100+ with the addition of new customers like Dabur, SC Johnson, Perfetti Van Melle and Patanjali. The move will propel the organisation' turnover upwards of Rs800 crore
Varahi was founded in 1971 by late Shri HR Sanghavi. It offers rigid packaging solutions for FMCG, beverages and pharmaceuticals companies. Its manufacturing units are located in Noida, Baddi and Pantnagar with a combined production capacity of 20,000 MT.
(Continued on the next page)