Bangalore-based firm manufactures premium pharma and healthcare packaging
Global pharmaceutical packaging supplier Essentra is to buy the pharmaceutical packaging assets of Kamsri Printing & Packaging for an undisclosed sum.
The deal provides Essentra with an entry point into the pharma and healthcare industries in India and is expected to be completed by the end of the year.
The transaction will be immediately earnings enhancing to Essentra, and will be reported under its Health & Personal Care Packaging Strategic Business Unit.
Based in Bangalore, Kamsri is a manufacturer of premium packaging solutions for the pharmaceutical and healthcare markets in India.
Commenting on the announcement, Colin Day, Chief Executive of Essentra, said: 'The acquisition of Kamsri is a compelling strategic fit for Essentra, and is consistent with the company’s objective of supplementing balanced, profitable organic growth with value-adding transactions in its targeted end-markets. Indeed, with its highly complementary product range, Kamsri provides Essentra with an entry point into the attractive pharmaceutical and healthcare industries in India, thereby reinforcing our global packaging capabilities and enhancing the opportunities for our customers.'