In a move that signals its deepening ambition in India’s premium packaging landscape, Canpac has announced the acquisition of Krishna Creation, an Ahmedabad-based boutique specialist in folding cartons and rigid box packaging, known for its craftsmanship, precision finishing, and design sensibility.
Krishna Creation’s clientele reads like a who’s-who of premium brands — Welspun, Renee Cosmetics, Indocount, Damson, and Trident among them — each drawn to the same quality: packaging that doesn’t just protect a product, but elevates it.
As part of the transaction, Canpac and Krishna Creation will jointly set up a new greenfield facility in Ahmedabad — the company’s third unit in the city and 10th overall in India — built entirely around the art of premium packaging.
Arriving in September 2026, the plant will house a new KBA 106 7-color coater with UV, alongside a present Komori 6-color UV press and a full suite of post-press equipment for rigid paper packaging, folding cartons, and gift bags.
According to the company, the move sharpens Canpac’s presence in the specialty, gift, and premium packaging segment. In this space, design and finish, not scale alone, define who wins the customer’s trust. It also marks a natural next chapter in Canpac’s 15-year journey: from 1 plant to ten, from a regional folding carton player to a diversified packaging platform serving India’s fastest-growing consumer brands.
This marks Canpac’s fifth acquisition, underscoring a consistent, disciplined approach to inorganic growth alongside organic expansion. The company has grown at a 25% CAGR over the last 15 years, scaling from a single regional operation into one of India’s leading diversified paper packaging platforms.
“This partnership brings together Canpac’s operational scale with Krishna Creation’s design and finishing expertise. This is a clear step towards owning the premium and luxury segment of packaging in India,” says Sagar Makhija, M&A head, Canpac Trends.
The two teams will now work together to grow this business, combining Canpac’s scale and process discipline with Krishna Creation’s boutique craftsmanship — a partnership built to define the top of India’s packaging pyramid.
Canpac Trends is a multi-segment paper packaging company headquartered in Ahmedabad, serving leading FMCG, textile, and consumer brands across folding carton, paper bag, label & hologram, corrugated, and flexible packaging segments through its growing network of plants across India.
