# Ramco Plexus gets approval to buy Platinum Packaging in Kenya

Kenya's Competition Authority approved Ramco Plexus's acquisition of Platinum Packaging, a flexible packaging film maker jointly owned by Ramco Group and Carton Manufacturers. Ramco Plexus will pay Carton about KES500m (US$4.27m) for its 50% stake.

- Type: Acquisition
- Announced: 2024-05-22
- Where: Kenya, Kenya
- Value: $4.27M (500.0M KES)
- Status: completed
- Products: flexible packaging film, packaging labels
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Ramco Plexus](https://endata.com/companies/9244.md) (acquirer)
- [Platinum Packaging](https://endata.com/companies/9245.md) (target)
- [Carton Manufacturers](https://endata.com/companies/9246.md) (partner)

## Sources

- [inside-packaging.h5mag.com](https://inside-packaging.h5mag.com/inside_packaging_jun22/industry_news), 2024-05-22: "Ramco Plexus will pay Carton around KES500m (US$4.27m) for its stake."

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