Manjushree Technopack Acquires Classy Kontainers

Advent international backed Manjushree Technopack (MTL), one of india's largest packaging companies, on monday announced the acquisition of classy kontainers,India's largest custom-molded rigid packaging supplier, for an undisclosed sum to further consolidate its presence inthe fast growing segment. However, sources familiar with the trabsaction, said MTL paid around INR 350-400 crores for the target.
As part of the transaction, the proposed acquisition will give Manjushree access to all production units of classy kontainers located in 5 cities and serve the latter's existing clients in the paints, adhesives, speciality chemicals and FMCG segments.
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