Ansa Folding Carton (AFC) has acquired a strategic stake in Rich Printers Pvt Ltd (RPL) at a valuation of INR 117 crore. Both firms are based in Mumbai. The combined entity will now operate five paper conversion manufacturing plants, making it one of the largest pharmaceutical folding carton producers in the country.
The new entity will possess a paper conversion capacity of 40,000 tonnes next year.
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