Investcorp specializes in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes, infrastructure and insurance asset management.
This investment will help Canpac expand its production footprint to all major manufacturing hubs of the country. Additionally, these funds will be utilized to accelerate growth via acquisitions and strengthen its R&D initiatives.
Founded by Nilesh Todi, Ahmedabad-based Canpac offers folding carton solutions to customers in diverse end-use industries which include Fashion & Retail, Food and Food Services, FMCG, and Industrial Products. In addition to folding cartons, Canpac also provides paper bags, luxury boxes, corrugated cartons, and flexible laminate solutions. Canpac has 4 modern manufacturing plants across three cities – Ahmedabad, Kolkata and Tiruppur. Canpac’s state-of-the-art R&D facility provides real time sampling and customized packaging solutions to its customers.
Nilesh Todi, Founder of Canpac Trends, said in a statement, “This investment comes at a vital point in our growth journey as we continue to expand our presence across India. This funding round will enable us to scale up our manufacturing and sales capabilities.”
Gaurav Sharma, Head, India Investment Business, Investcorp, said: “Paper packaging also champions sustainability, a key Investcorp priority for each one of our investments across all our geographies”.Anshuman Goenka, Partner, Investcorp, said, “While paper packaging market is over Rs 570 billion in India, the industry remains highly fragmented with an opportunity for leaders to consolidate. We believe in consolidation of unorganized sectors, and a long-term growth in brand spends. This investment brings both these together.”
