Manjushree acquires spraying and dispensing solutions provider National Plastics

Sanjay Kapote, main executive officeholder, Manjushree Technopack

Plastic packaging major Manjushree Technopack (MTL) has acquired National Plastics (NAPLA), 1 of the leading players in spraying and dispensing systems and solutions in India (slump auction, on a going concern basis). This is the first conquering past Manjushree since Appearance International bought majority pale in the company final year.

Through this deal Manjushree will aggrandize its offerings to clients, by adding adjacent categories similar dispensers and sprayers to its existing product portfolio – containers and preforms. This merger will also help the company acquire new clients in this segment across various regions in Republic of india. The acquisition is expected to contribute 4-5% of the overall revenue for Manjushree over the adjacent v years. In 2022, Manjushree had acquired Delhi-based rigid packaging firm, Varahi Polymers.

Co-ordinate to Manjushree estimates, the value of the dispenser market in India is expected to double from U.s.$ 50 million in FY19 to United states$ 100 one thousand thousand by 2023.

"Nosotros see significant opportunities in the spraying and dispenser market. NAPLA's market leadership in the dispenser and spray systems volition help MTL aggrandize its production offerings to existing customers as well as enter new markets in South Asia. Nosotros will invest in R&D and new business organization evolution to bolster NAPLA's growth," said Sanjay Kapote, chief executive officeholder, Manjushree.

Based in Punjab, NAPLA was founded in 1988 by Manish Saggar. The firm manufactures lotion pumps, liquid dispensers, trigger sprayers, fine mist sprayers, corrective/serum pumps, perfume spray packs for leading brands in India and South Asia. Some of NAPLA'due south clients include Reckitt Benckiser, HRI, ITC, Godrej Consumer, Marico, Patanjali Ayurved, SC Johnson, 3M, and Sun Pharma, amid others.

According to Manish Saggar, founder, NAPLA, "The acquisition by MTL will aid NAPLA aggrandize its capabilities, production range and client base of operations. With the bigger MTL team and bandwidth, and increased research & development activities, new and innovative products can exist brought in and enhanced client satisfaction tin be provided."

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Source: https://packagingsouthasia.com/packaging-production/manjushree-acquires-spraying-and-dispensing-solutions-provider-national-plastics/