M&A
Parksons Packaging acquires MK Printpack
PE-backed paper packaging company Parksons Packaging has acquired Mumbai-headquartered MK Printpack. Parksons aims to leverage Printpack's packaging solutions and technical expertise in fluted packaging - using reinforced cardboard - to augment its product portfolio. This is the company's second acquisition in the last 18 months. The founders of MK Printpack, Anil Kumar and Sanjeev Kumar, along with the senior leadership, will be retained post deal. MK Printpack, founded in 1982, caters to the pharmaceutical, food and beverages, home and personal care, as well as toys and electrical industries through its three manufacturing facilities in Gujarat, Daman, and Haridwar. Founded in 1996, Warburg Pincus-backed Parksons serves brands across industries spanning FMCG, pharmaceuticals, retail, home, personal care, alcoholic beverages, toys, and electricals in domestic as well as international markets.
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