The producer of flexible packaging signed a joint venture (JV) agreement for its Indian business and operations with Premji Invest and SB Packagings. The combination will help the company to achieve its ambition to grow further and create value in the Indian market. With the new partners, it is able to strengthen its business in the region and various market segments. As SB Packagings is an important player in the hygiene segment, the new partnership will help extend the company’s portfolio. The closing of the joint venture agreement is expected to be completed by the end of March, pending regulatory approvals.
