Page 43 - Plastics News November 2021

BUSINESS NEwS

IPACKCHEM To Buy Packaging Firm ProMach Acquires

Mullackal CL&D

roMach, a
Pworldwide
le ade r in
pac kaging
mac hine r y
solutions, has
acquired CL&D
Graphics and
CL&D Digital.
CL&D is
a leading provider of high-quality
flexographic and digital web packaging
and converting solutions for consumer
product companies. “We’re pleased to
welcome the CL&D team to ProMach,”
said Mark Anderson. The addition of
CL&D significantly expands ProMach’s
portfolio of flexible and rigid packaging
rance-based barrier packaging to accelerating Mullackal’s growth under systems and strengthens its ability to
Fprovider IPACKCHEM has agreed IPACKCHEM ownership. “By leveraging provide complete machinery and material
to acquire Mullackal Polymers, an Indian IPACKCHEM’s sustainable barrier solutions for a broad range of packaging
provider of crop protection packaging. technology, Mullackal will be uniquely applications." CL&D Graphics offers
Mullackal specialises in manufacturing positioned to provide high-quality roll-fed film and pressure-sensitive
high-density polyethylene (HDPE) recyclable packaging for customers in labels, shrink sleeves, pouches, lidding,
and barrier plastic containers, caps and India. “Similarly, we expect to leverage and preprinted thermoform solutions to
measuring cups for crop protection Mullackal’s proprietary caps technology consumer packaged goods companies
and the speciality chemical industry. (CRTESS) across IPACKCHEM’s across North America. They provide
The company operates three facilities existing product portfolio. “This complex, high-quality graphics for most
in India’s western region. Mullackal transaction is core to our strategy unsupported film applications in the
Polymers, holds a unique position in the of being the leading global barrier marketplace, along with research and
agro chemical sector and has grown into packaging player serving crop protection development expertise in new product
a speciality plastic bottles manufacturing and specialty chemicals customers.” design as well as on-site technical support
company for agro chemicals with a strong Mullackal owner and managing director for packaging solutions to ensure
base in innovative and research oriented Ramesh Pillai said: “IPACKCHEM is consistent, attention-grabbing products
products and packaging with stress on the perfect partner for Mullackal and in the marketplace. Additionally, CL&D
originality and simplicity. IPACKCHEM we are excited to continue providing Digital produces short run, production
intends to expand into India’s large, high- best-in-class packaging to India’s leading quality prototypes and promotional
growth market through its partnership crop protection players with the added samples to help bring products to
with Mullackal. The transaction is benefit of IPACKCHEM’s resources and market quickly with no minimum orders
expected to close towards the end of industry relationships.”KPMG is serving and rapid delivery for companies of
this year. The financial terms have not as IPACKCHEM’s exclusive mergers and all sizes. CL&D is GMP certified by
been disclosed. IPACKCHEM CEO JP acquisitions (M&A) advisor for the deal. the American Sanitation Institute to
Morvan said: “We are extremely excited IPACKCHEM supplies advanced and print both food contact packaging and
to partner with Reams and Parthia specialised barrier packaging solutions non-food contact packaging and their
Pillai, who have built a high-quality and for the crop protection and speciality innovations have earned numerous
innovative business, and we look forward chemical end markets. awards and certifications.

42 PLASTICS NEWS NOVEMBER 2021 43 PLASTICS NEWS NOVEMBER 2021