M&A Deal Summary

Manjushree India Acquires Varahi

On November 24, 2016, Manjushree India acquired plastics company Varahi

Acquisition Highlights
  • This is Manjushree India’s 1st transaction in the Plastics sector.
  • This is Manjushree India’s 1st transaction in India.

M&A Deal Summary

Date 2016-11-24
Target Varahi
Sector Plastics
Buyer(s) Manjushree India
Deal Type Add-on Acquisition

Target

Varahi

New Delhi, India
Varahi Ltd. is a provider of manufacturing and commercializing plastic bottles, caps, closures, performs, jars and containers.

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Buyer(S) 1

Buyer

Manjushree India

Bangalore, India

Category Company
Founded 1996
Sector Packaging
DESCRIPTION

Manjushree India is a manufacturer and seller of folding cartons and paper packaging in the highly fragmented packaging sector. Manjushree has three manufacturing facilities (Daman, Chakan, and Pantnagar) to provide pan India support, and caters to a well-diversified base of marquee customers across different end segments including F&B, HPC, Pharmaceuticals, QSR, and Industrial. Manjushree India was founded in 1996 and is based in Bangalore, Karnataka.


DEAL STATS #
Overall 1 of 1
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: India M&A 1 of 1
Year: 2016 M&A 1 of 1