# 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.

- Type: Acquisition
- Announced: 2022-11-21
- Where: India
- Value: $70.0M (5.78B INR)
- Status: announced
- Products: corrugated packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [JK Paper](https://endata.com/companies/694.md) (acquirer)
- [Horizon Packs](https://endata.com/companies/9918.md) (target)
- [Securipax Packaging](https://endata.com/companies/9919.md) (target)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/jk-paper-to-acquire-horizon-packs-securipax-packaging-for-rs-578-cr/articleshow/95668862.cms), 2022-11-21: "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)"
- [packagingsouthasia.com](https://packagingsouthasia.com/events/jk-paper-acquires-horizon-packs-securipax-for-rs-578-crore/), 2022-12-02: "JK Paper has entered into a share purchase and shareholders' agreements for the acquisition of 85% shares of Horizon Packs Private Ltd (HPPL) and Securipax Packaging Private Ltd (SPPL)"

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