M&A
SRF acquires Kanpur Plastipack's CPP assets for Rs.49-Cr
Publicly listed, Gurugram-based SRF Ltd has acquired the plant and machinery related to CPP division from publicly listed Kanpur Plastipack Ltd (KPL) for about INR 49.25 crore. Singhi Advisors was the exclusive strategic and financial advisor to KPL.With this acquisition, SRF will add a new product line to complement its existing offerings and complete its product portfolio in flexible packaging films, including BOPP, BOPET, and CPP.KPL diversified into CPP film manufacturing two years ago with a newly installed line that had an annual capacity of 7,200 million tonnes per annum.
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