Parksons Packaging confirms that it has completed the acquisition of Fortuner Packaging.
Founded in 2012, Fortuner Packaging manufactures folding cartons primarily catering to Pharmaceutical, Home & Personal Care, and Automobile customers through its two manufacturing facilities in Baddi, Himachal Pradesh.
The acquisition of Fortuner Packaging will fortify Parksons Packaging’s position in the folding carton market in India. Fortuner Packaging’s existing manufacturing facilities will deepen Parksons’ presence in North India. The senior leadership of Fortuner Packaging will continue with the business and be part of the future growth journey with Parksons.
Fortuner Packaging is Parksons’ third acquisition in the last 18 months. In November 2021, Parksons acquired Manohar Packaging, and in March 2023, they acquired MK Printpack. Parksons Packaging (including its subsidiaries) now has thirteen manufacturing facilities across Daman, Chakan, Pantnagar, Guwahati, SriCity, Goa, Punjab, Haridwar, Baddi and Gujarat.
Siddharth Kejriwal, Managing Director, Parksons Packaging, said, “We are excited to welcome Fortuner Packaging to the Parksons family. This acquisition fits very well in our strategy to grow our Pharma business vertical. With this acquisition, Parksons now has pan India capability to serve pharma customers across pharmaceutical manufacturing hubs. Parksons now has dedicated pharma manufacturing cells in Daman to serve West India, Guwahati to serve East India, Sricity to serve South India, Pantnagar and Baddi to serve North India.”
“Parksons Packaging brings a wealth of expertise, knowledge, and experience. Their outstanding reputation in the industry and market leadership will allow us to create a better value proposition for our customers. We are excited and happy to be associated with Parksons family,” said Naveen Kumar, Anurag Godia and Neeraj Kumar of Fortuner Packaging.
