Flexibles
z DISPENSER MARKET IN INDIA TO DOUBLE TO US$ 100 MILLION BY 2023
Manjushree acquires dispenser and spray solutions provider National Plastics
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ndia’s rigid plastics packaging solutions company Manjushree Technopack has acquired National Plastics, one of the leading players in spraying and dispensing systems and solutions in India (slump sale, on a going concern basis). This is the first acquisition by Manjushree since Advent International bought majority stake in the company last year. Through this deal Manjushree will expand its offerings to clients, by adding adjacent categories like dispensers and sprayers to its existing product portfolio – containers and preforms. The merger will also help Manjushree acquire new clients in this segment across various regions in India. The acquisition is expected to contribute 4-5% of the overall revenue for Manjushree over the next 5 years. In 2016, Manjushree had acquired Delhi-based rigid packaging firm Varahi Polymers. According to Manjushree’s estimates, the value of the dispenser market in India is ex-
Sanjay Kapote, chief executive officer, Manjushree Technopack
pected to double from US$ 50 million in FY19 to US$ 100 million by 2023. Announcing the acquisition, Sanjay Kapote, CEO, Manjushree said, “We see significant opportunities in the spraying and dispenser market. National Plastics’ market leadership in the dispenser and spray systems will help Manjushree expand its product offerings to existing customers as well as enter new mar-
kets in South Asia. We will invest in R&D and new business development to bolster National Plastics’ growth.” Based in Punjab, National Plastics was founded in 1988 by Manish Saggar. The company manufactures lotion pumps, liquid dispensers, trigger sprayers, fine mist sprayers, cosmetic/serum pumps, perfume spray packs for leading brands in India and South Asia. Some of National Plastics’ clients include Reckitt Benckiser, HRI, ITC, Godrej Consumer, Marico, Patanjali Ayurved, SC Johnson, 3M, and Sun Pharma among others. According to Manish Saggar, founder, National Plastics, “The acquisition by MTL will help National Plastics expand its capabilities, product range and client base. With the bigger Manjushree team and bandwidth, and increased research and development activities, new, innovative products can be brought in and enhanced customer satisfaction can be provided.” z — Dev Kumar Dutta
z RECOGNITION FOR INNOVATIONS AND NEW PACKAGING CONCEPTS
Kanodia Technoplast bags eleven awards at SIES SOP Star Awards ’19
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anodia Technoplast (KTL) has been honored with eleven awards at SIES SOP Star awards 2019 for innovations, creativity and new concepts in packaging. KTL has bagged in all the awards in the flexible packaging category
for its graphics, aesthetics and innovative, and consumer friendly packaging solutions. The award winning products include: Kari Kari – transparent high-barrier stand-up pouch; Non-Stop Crunchy Bytes – kraft paper finish pouch; PVR4700 BC Popcorn with
Paytm cash back; Daawat Royal Sharbati Atta with anti-skid nano-dots; Daawat Devaaya RiceQuad-seal pinch-bottom pouch with reinforcement for D-cut; Dabur Fem Hand Wash with innovative spout and others. Dhruv Kanodia, director at Kanodia TechTHE PACKMAN | JAN-FEB 2020
www.thepack man.in
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