India s premier packaging solution provider company Multipack Systems has sold its 51 % stake to Japanese packaging major company Omori Machinery Co Ltd . Amount shelved by Japanese major has been in tune of Rs 200 crores.
Multipack has emerged as one of the leading Indian packaging solution provider in this region exporting packing machines to the , South Asian, African , Central Asian countries and South East Asian countries .Multipack packing machines has been used for products like bakery, snacks , pharma , soaps and confectionery with client like Unilever , P&G , Britannia , Parle , GSKB ,Kraft , Kelloggs,Nestle , ITC , Danone , Pepsi and other major players in FMCG segment .
Omori Machinnery Co Ltd has wide range of products which are available in world products which includes Horizontal form fill seal , Thermofermers ,Tray wrapper ,Cartoners , Caser ,Automatic Banding Machines and other packaging solutions .with presence in Europe , Asia , Africa and North America
Taking majority stake in Multipack system pvt ltd provide Omori a strong foot hold in Indian market alongwith South Asia .The Indian packaging industry has been growing @ 12% against Global growth of 5%.. Indian packing industry market value is estimated to be $ 7.6 billion .
