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Well Pack Papers to sell Laminate Unit to Formica Laminates (India)

12 Nov 2012 Evaluate

Well Pack Papers & Containers has agreed to sell its Laminate Unit engaged in the business of manufacturing Decorative Laminates located, at Kalol, Gandhinagar to Formica Laminates (India) as a going concern. Both the parties have signed a Business Purchase Agreement to this effect on November 09, 2012.

The decision to sell Laminate Unit is in line with company’s restructuring plan. The board at its meeting held on November 09, 2012, has approved for the same subject to the regulatory approvals.

Formica Group is a worldwide leading provider of branded, design coordinated surfacing solutions for commercial and residential customers.

Well Pack Papers & Containers is one of the leading producers of high quality paper products in India, having contemporary manufacturing equipments along with a strong dedicated team.

Peers
Company Name CMP
JK Paper 370.20
TN Newsprints 156.75
West Coast Paper 495.45
Emami Paper Mills 80.79
Seshasayee Paper 266.65
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