Graham Packaging Acquires Interest In Indian Blowmoulder


Blackstone-owned Graham Packaging, a US$ 2.5 billion gobal major inrigid plastics packaging, has initiated a strategic entry into Indiathrough the acquisition of a minority stake in PPI Blowpack PrivateLtd., a privately held plastic container manufacturer based in Mumbai.PPI Blowpack, founded by Prahlad Deora, has been producing blow-mouldedcontainers for the food, pharmaceutical, chemical and FMCG markets inIndia since 1972.
According to Graham Packaging, the rigid plastic container segment has been growing at 15 to 20 per cent annually and their technology can help PPI grow in India and beyond.