M&A M&A
Italy’s packaging co. Guala to acquire metal closures division of Oricon Enterprises
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Italian packaging firm Guala Closures is to acquire the metal closures division (crown corks and ROPP closures) of Mumbai-based, publicly listed Oricon Enterprises . Singhi Advisors was the exclusive financial advisor to the acquirer.Kopran/Parijat Group promoted Oricon Enterprises’ packaging division - Oriental Containers - which supplies closure solutions to over 100 customers in more than 20 countries. For the year ending March 2025, the division generated EUR 12 million in revenue. The group launched its global crown closures division in 2024 following the acquisitions of Astir Vitogiannis and Coleus and established local production capabilities in India.