Canpac Trends, backed by a INR 340 Crore investment from Investcorp, expands paper-based packaging reach, emphasizing sustainability and industry leadership

Canpac Trends Secures INR 340 Crore Investment for Sustainable Packaging Leadership

Canpac Trends, an Ahmedabad-based packaging provider, recently secured a substantial investment of Rs.340 crore (US $41 million) from Investcorp, a global alternative investment firm. This financial transaction represents a partial exit for JM Financial's second India fund, an investor in Canpac since 2021. Founded by Nilesh Todi, Canpac specializes in the manufacture of paper-based packaging and cartons extensively used in the fashion industry, retail, and FMCG.

Boasting manufacturing plants in Ahmedabad, Kolkata, Tiruppur, and a dedicated R&D facility, Canpac aims to leverage this investment for expanding its production capabilities. The plan includes establishing additional manufacturing hubs and enhancing sales capabilities, as explained by Nilesh Todi.

Gaurav Sharma, the head of India investment at Investcorp, underscores the significance of paper packaging in promoting sustainability. This aligns with Investcorp's core investment priorities on a global scale. Anshuman Goenka from Investcorp highlights the substantial size of the domestic paper packaging market, exceeding Rs. 57,000 crore.

Investcorp specializes in diverse alternative investments, covering private equity, realty, credit, infrastructure, and insurance asset management. Managing a portfolio exceeding USD 48 billion in assets, the firm operates across 14 global offices, spanning the US, Europe, GCC, India, China, Japan, and Singapore.

Reflecting on Canpac's performance in March 2023, the company reported a robust financial standing with a total income of Rs. 389.72 crore and a net profit of Rs. 9.82 crore. Despite facing competition from Western counterparts like Teramount, Tipa, and Packlane, Canpac stands out due to its extensive industry experience and a comprehensive range of packaging solutions. This includes paper bags, luxury boxes, corrugated cartons, and flexible laminate solutions.

Canpac's operations span a considerable workforce, employing over 700 individuals and more than a hundred technical experts. The company's success is rooted in its commitment to quality, innovation, and sustainability, making it a notable player in the competitive packaging industry.


Keywords

Canpac Trends , investment , Investcorp , paper-based packaging , sustainability

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