Blackstone to acquire majority stake in Essel Propack

The New York-based private equity firm Blackstone Group has agreed to buy 51% stake in the largest global manufacturer of laminated tubes, Essel Propack, at Rs 134 a share.

Manjushree Technopack acquires National Plastics

Advent International-backed Manjushree Technopack (MTL), one of the country’s largest rigid plastics packaging solutions company has acquired National Plastics (NAPLA), one of the leading player in spraying and dispensing systems and solutions in India. This is the first acquisition by MTL since Advent bought majority stake in the company last year.

Amazon acquires 49% stake in Future Coupons

In a development, which has the potential to be a game-changer, eCommerce giant Amazon has taken a step forward to secure its presence in the brick-and-mortar retail space by acquiring a 49% stake in Future Coupons, a group entity owned by India’s second largest retail chain, Future Retail. This was announced by Future Retail in a regulatory filing on 22 August 2019.

PepsiCo to set up Rs 514-crore snack manufacturing plant in UP

PepsiCo India announced that it will invest close to Rs 514-crore, staged over a period three years, to set up a greenfield snacks manufacturing plant in Uttar Pradesh.

Arsenal completes Clariant's healthcare packaging business acquisition

US-based private equity firm, Arsenal Capital Partners has completed the acquisition of Clariant's healthcare packaging business. The company will be rebranded as Airnov Healthcare Packaging.