Tilaknagar Industries (TI), one of the leading players in the Indian alcoholic beverage industry and manufacturers of Indian Made Foreign Liquor (IMFL) with over 40 brands across a diverse range of price and product segments, has acquired P.P. Caps. This acquisition will allow TI to strengthen its operations by way of reduction in the raw material costs related to bottle caps, which is an important component of the company’s packaging expenditure.
P.P. Caps is in the process of setting up a plant in Shrirampur, Maharashtra to manufacture 25 mm and 29/35 mm caps having a capacity of 600,000 and 50,000 caps respectively per day. The plant is expected to commence commercial production by June 2012.
Tilaknagar Industries is one of the renowned Indian Made Foreign Liquor players including whisky, brandy, gin, rum and vodka with presence across India. The company manufactures, markets and sells more than 40 brands across all price points.
