# Ramco Plexus secures Kenyan approval to buy Platinum Packaging

Kenya's Competition Authority unconditionally approved Ramco Plexus's acquisition of sole control of flexible packaging maker Platinum Packaging, which it will buy from Carton Manufacturers for about KES500m ($4.27m).

- Type: Acquisition
- Announced: 2022-05-16
- Where: Kenya, Kenya
- Value: $4.27M (500.0M KES)
- Status: announced
- Products: flexible packaging film, labelling
- 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

- [packaging-gateway.com](https://www.packaging-gateway.com/news/ramco-plexus-platinum-packaging/), 2022-05-16: "The proposed transaction involves the acquisition of sole control of Platinum Packaging by Ramco Plexus, resulting in a change from joint control to sole control."
- [foodpackafrica.com](https://www.foodpackafrica.com/detail_news.php?newsid=392&pageid=2&t=Ramco+Plexus+obtains+CAK+approval+to+purchase+Platinum+Packaging.), 2022-06-27: "Ramco Plexus has secured unconditional regulatory approval from the Competition Authority of Kenya (CAK) to acquire flexible packaging film manufacturer Platinum Packaging."

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