Ansa’s Folding Carton (AFC) has acquired a strategic stake in Rich Printers, a producer of packaging for the pharmaceutical industry, at an enterprising valuation of INR 117 crore.
With this, the combined entity will now operate nine facilities strategically situated across key Indian states, including Maharashtra, Gujarat, Himachal Pradesh, West Bengal, and Sikkim.
The acquisition now makes Ansa one of the largest pharmaceutical folding carton producers in the country. The expanded operations will enable the companies to better serve customers and meet the growing demand for high-quality cartons across a broad range of industries.
“Rich Group is excited to join hands with the Ansapack Family,” said Tushar and Nayan Shah, Directors, Rich Printers. “We have had a heritage of serving our customers in the folding carton manufacturing space and see parallels with AFC who have had a similar long-standing reputation. AFC’s deep understanding of the domestic market, their vision of sustainable growth, and other complimentary business verticals in the pharma packaging space within the group make them the clear choice for partnering.”
