Manjushree Technopack acquires Pearl Polymers

Bangaluru based Manjushree Technopack (MTL), India’s largest rigid plastics packaging company backed by Advent International, announced entering into a Business Transfer Agreement with Pearl Polymers to acquire commercial operations and manufacturing facilities of their B2B vertical. This transaction is subject to customary closing conditions and regulatory approvals. According to the press release, Manjushree was advised by Khaitan on this deal while Pearl Polymers was advised by JSA. Ernst & Young Global (EY) was the exclusive financial advisor to Pearl Polymers. With over 40 years of packaging expertise in India, Manjushree Technopack fulfills the packaging requirements of the FMCG, food and beverage, home care, personal care, agrochemicals, pharmaceutical, liquor industries, and works with some of the biggest brands in these segments. These include Coca Cola, PepsiCo, Cadbury, GlaxoSmithKline, Procter & Gamble, Nestle, Heinz, Unilever, Tata Consumer Products, Marico, USL, Diageo, and many more. Manjushree has a manufacturing capacity of 1,75,000 MT per annum and a turnover of over Rs 1100 crore. According to the press statement, Pearl Polymers’ B2B business’s proposed acquisition will help MTL consolidate…

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