# Manjushree Technopack to acquire Oricon Enterprises plastics packaging business for INR 520 crore

Manjushree Technopack has signed definitive agreements to acquire the plastics packaging business of Oricon Enterprises (Oriental Containers), a maker of plastic caps, closures and preforms. The deal is valued at INR 520 crore and adds plants in Goa and Odisha, subject to customary conditions.

- Type: Acquisition
- Announced: 2024-04-11
- Where: Goa and Odisha, India
- Value: $62.6M (5.20B INR)
- Status: announced
- Capacity: nearly 15 Bn pieces per annum
- Products: plastic caps and closures, PET preforms
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Manjushree Technopack](https://endata.com/companies/1038.md) (acquirer)
- [Oricon Enterprises](https://endata.com/companies/2286.md) (target)

## Sources

- [foodtechbiz.com](https://www.foodtechbiz.com/business-updates/manjushree-technopack-to-acquire-oricon-enterprises-for-inr-520-crore), 2024-04-11: "The addition of two manufacturing plants in Goa & Odisha will significantly boost our production capacity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.