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Parksons steps up growth potential with Manohar Packaging acquisition

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 ....

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India: Warburg Pincus-backed Parksons acquires Manohar Packaging

Warburg Pincus had acquired a majority stake in Parksons Packaging Ltd this April. ....

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Packaging major Parksons acquires Manohar

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. ....

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