Paper Products has acquired 51% of equity shares of Webtech Labels, a private limited company in the business of pressure sensitive labels with an annual potential turnover of approximately Rs 75 crore, for a consideration of Rs 37.70 crore in an all cash deal. The company has a total outstanding debt of approximately Rs 26.20 crore.
This acquisition is expected to benefit both companies positively - support the position of the company in the packaging industry further while giving a larger market access to Webtech Labels due to the present position of the company in the Indian flexible packaging industry.
Paper Products is a leading consumer packaging company in India. The company offers a wide portfolio of packaging solutions that includes flexible packaging, labeling technologies and specialized cartons.
| Company Name | CMP |
|---|---|
| Uflex | 402.70 |
| EPL | 234.25 |
| AGI Greenpac | 575.70 |
| Huhtamaki India | 191.75 |
| TCPL Packaging | 2639.00 |
| View more.. | |
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