The Indian folding carton industry is a fragmented lot. Even today, 50% of the industry is unorganised. The pundits say that a significant percentage of the unorganised sector will transform into the organised. Siddharth Kejriwal, managing director at Parksons Packaging, says, "If it's 50:50 today, we expect it will be in the ratio of 70:30 in favour of the organised market. This should lead to fair and better margins for the industry." Parksons' acquisition of Manohar Packaging should be vi
India's largest folding carton manufacturer, Parksons Packaging, has acquired Manohar Packaging's 100% operations. The acquisition includes Manohar's Goa and Punjab plants and is part of Parksons' inorganic growth. Manohar Packaging will now be a wholly-owned subsidiary of Parksons.