Pacman-CCL joint venture to acquire Mumbai’s Super Label

Dubai-based CCL Industries makes an Indian entry

Bharat Mehta, founder of Super Label

Mumbai-based Super Label is set to be acquired by Dubai-headquartered CCL Industries-Pacman joint venture. The latter has agreed to acquire a 70% stake in privately owned Super Label, which manufactures pressure-sensitive labels for large consumer products and healthcare customers with operations in India. Super Label, which has a 10,000 sq. ft. manufacturing facility at Mahape, is equipped with state-of-the-art equipment.

According to the agreement, Pacman-CCL will invest US$ 3.75 million in the venture to acquire its stake, reduce debt and provide funding for future expansion. Closing is subject to customary procedures and is expected to conclude later this month. The company will continue to be headed by its founder, Bharat Mehta, and will become part of Pacman-CCL trading under the CCL corporate identity system with immediate effect.

“Over the last decade we looked many times at entering India through acquiring a local business. Super Label is one of the best managed we have seen and I believe this is the most positive way forward given Pacman-CCL’s proximity to the region,” said Geoffrey T Martin, president and chief executive officer of CCL.

Pacman-CCL currently has plants in Dubai, Oman, Saudi Arabia, Pakistan and Egypt as well as India. The company is jointly owned by CCL and Albwardy Investment based in Dubai and is headed by John Dawson, managing director. It is a world leader in specialty label and packaging solutions for global corporations, government institutions, small businesses and consumers.

The company’s Indian checkpoint subsidiaries remain separate to this venture, entirely under CCL control, focusing exclusively on retail and apparel markets.

The impact, resilience, and growth of responsible packaging in a wide region are daily chronicled by Packaging South Asia.

A multi-channel B2B publication and digital platform such as Packaging South Asia is always aware of the prospect of new beginnings and renewal. Its 16-year-old print monthly, based in New Delhi, India has demonstrated its commitment to progress and growth. The Indian and Asian packaging industries have shown resilience in the face of ongoing challenges over the past three years.

As we present our publishing plan for 2023, India’s real GDP growth for the financial year ending 31 March 2023 will reach 6.3%. Packaging industry growth has exceeded GDP growth even when allowing for inflation in the past three years.

The capacity for flexible film manufacturing in India increased by 33% over the past three years. With orders in place, we expect another 33% capacity addition from 2023 to 2025. Capacities in monocartons, corrugation, aseptic liquid packaging, and labels have grown similarly. The numbers are positive for most of the economies in the region – our platform increasingly reaches and influences these.

Even given the disruptions of supply chains, raw material prices, and the challenge of responsible and sustainable packaging, packaging in all its creative forms and purposes has significant headroom to grow in India and Asia. Our context and coverage engulf the entire packaging supply chain – from concept to shelf and further – to waste collection and recycling. We target brand owners, product managers, raw material suppliers, packaging designers and converters, and recyclers.

In an admittedly fragmented and textured terrain, this is the right time to plan your participation and marketing support communication – in our impactful and highly targeted business platform. Tell us what you need. Speak and write to our editorial and advertising teams! For advertisement , for editorial and for subscriptions

– Naresh Khanna

Subscribe Now