Edelmann Group has finalized the acquisition of India-based packaging printer Janus Packaging (P) Ltd.
For Heidenheim, Germany-headquartered packaging manufacturer Edelmann, the addition of another production facility in Asia strengthens its global production network.
Located in the north of India, in the state of Himachal Pradesh, the new Edelmann India facility focuses on the manufacture of high-end packaging made of board for the beauty care and healthcare segments, in line with international standards such as ISO 9001, UGRA and PSO.
Last year its 250 employees generated revenues of approximately €6 million.
“This is Edelmann’s next step in cementing its presence in the second most dynamic packaging market in the world, after Latin America,” the company says.
Edelmann cites a recent study conducted by international market research firm Smithers Pira, which states that the packaging industry in Asia will grow by 4.5% per year between 2009 and 2015.
“That is almost twice as fast as growth in the international packaging market during that same period, which is just 2.6%.”
Family-owned Edelmann Group is a leading provider of high-quality board and paper packaging solutions, now with 13 production sites around the world, developing and producing folding cartons, leaflets and system solutions for the healthcare, beauty care and consumer brands markets.
