JK Paper (JKPL) has received approval from board of directors for acquisition of a majority stake in Borkar Packaging (BPPL). BPPL is engaged in the business of manufacturing Packaging products like Folding Cartons, Corrugated Boxes and Labels with seven plants across the country with revenue of Rs 393.20 crore in FY 2023-24.
With this acquisition, JKPL will further strengthen its top leadership position in the Corrugated Packaging segment and emerge amongst the top three players in the Folding Cartons space.
JK Paper is the leading player in Office papers, Coated papers and Packaging boards.
