JK Paper to acquire Horizon Packs and Securipax Packaging for Rs 578 crore

JK Paper agreed to acquire 85% stakes in Horizon Packs and Securipax Packaging, India's corrugated packaging manufacturers with seven plants, for about Rs 578 crore in phases. The remaining 15% will be acquired within three years.

“JK Paper has entered into a share purchase and shareholders' agreements for the acquisition of 85 per cent shares of Horizon Packs Private Ltd (HPPL) and Securipax Packaging Private Ltd (SPPL)”timesofindia.indiatimes.com

• 2 sources
• timesofindia.indiatimes.comJK Paper to acquire Horizon Packs, Securipax Packaging for Rs 578 cr - Times of IndiaNov 21, 2022
• packagingsouthasia.comJK Paper acquires Horizon Packs & Securipax for Rs 578 crore - Packaging South AsiaDec 2, 2022

Summarized from public sources; check the original articles before acting on it.