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Veripack, a subsidiary of Ilpra Group, has signed a three-year exclusive supply agreement with Bombay Sweets & Co. Ltd., Bangladesh's largest snack producer, for thermoforming machines. A first contract worth EUR 406,000 for one machine has been signed.
Ilpra, an Italian packaging machinery producer, acquired an 80% stake in Veripack, a manufacturer of thermoforming machines for food and medical packaging, for a lump sum of €24,000. The deal aims to expand Ilpra's product range and boost exports to India.