Essel sells its flexible packaging arm to Australian firm, Amcor

Essel Propack, the largest manufacturer of laminated plastic tubes in the FMCG and pharma space, has announced to divest the entire stake in its flexible packaging subsidiary, Packaging India (PIPL), to Amcor Flexibles India. The deal is signed for full cash consideration and amounts to Rs 165 crore (USD 26.1mn).

by PrintWeek India