|Pranesh Kankanwadi, Group MD Positive|
Friday, October 12, 2012
SGRE Labels Bangalore, acquired by Positive packaging!
Mumbai based Positive Packaging Industries Ltd. the flagship company of Enpee Group, an international conglomerate with over 50 years of business experience, has in a recent move acquired Bangalore based SGRE Labels Private Limited. Positive Packaging is a pioneer in flexible packaging with state-of-the-art facilities located strategically in India, Nigeria and the U.A.E. They offer packaging solutions to customers in various countries through a robust international sales & and service network, catering to diverse sectors including FMCG, Agro products and Pet food.
This acquisition is a part of a series of moves in the Indian label industry, which seems to be undergoing a transformation by partnering with larger players to meet the challenges of globally active label printing companies indulging in domestic markets. This also provides the companies so acquired an access to international markets. I reproduce below the press release from Positive Packaging;
Positive Packaging continues growth and diversification, acquires Label manufacturing business: Move to address demand for superior, multifunction labels, from existing clients and add new customers.
Mumbai, India, 18 Sep 2012: Positive Packaging Industries Ltd. is pleased to announce the acquisition of Label manufacturing business of “SGRE Labels Pvt. Ltd.”, in a bid to offer its customers single stop packaging solutions. This acquisition follows the recent integration of ICM Packaging and is part of Positive’s vision to have the ‘Preferred Supplier’ status with its customers and equips Positive with state-of-the-art label packaging equipment and infrastructure.
Explaining the strategic acquisition, Mr. Pranesh Kankanwadi, Group
Managing Director, Positive Packaging says, “We have observed the increased
scope of requirements of our customers, who prefer to deal with a single
supplier for a wider range of their packaging requirements. One of the
requirements is labels. Being prompt to react to our customers’ needs, we
clinched the opportunity to provide superior labelling solutions at par with
global standards that Positive is known for.
The label manufacturing business of “SGRE Labels Pvt. Ltd.” is located at Bengaluru. The Company has state of the art European machines with additional equipment scheduled for commissioning in March 2013. The company has in house design facility, managed by a experienced technical team. To facilitate the quick turnaround of short run jobs and product sampling, company is also equipped with HP Indigo Digital Printing/Converting equipment.
The continued significant investments underline Positive’s commitment to all stakeholders to grow the relationship in a mutually beneficial manner.
Positive Packaging, a part of the international conglomerate, the Enpee Group; is a one-stop source for quality, printed and laminated, barrier-grade flexible packaging with manufacturing facilities in India, Nigeria and U.A.E. In India, Positive Packaging is a leading player in the flexible packaging space.
To know more about Positive Packaging, visit the website: www.positivepackaging.com Media Contact: Mr. Nem Kumar Jain - Sr. Manager - Corporate Communications firstname.lastname@example.org | +91 – 22 – 39211400