IPACKCHEM Group has partnered via acquisition with Mullackal Polymers Private Limited, a crop protection packaging provider in Inda.
IPACKCHEM is a global supplier of specialized barrier packaging services serving the crop protection and specialty chemicals end markets. The firm currently operates facilities in Europe, China, Brazil and South Africa.
Mullackal is a manufacturer of HDPE and barrier plastic containers, caps and measuring cups for India’s crop protection and specialty chemical industry. The firm helped pioneer plastic barrier manufacturing technology in India. The partnership will allow IPACKCHEM to establish a presence in India’s high-growth market and position for future expansion.
“We are extremely excited to partner with Ramesh and Karthik Pillai, who have built a high-quality and innovative business, and we look forward to accelerating Mullackal’s growth under IPACKCHEM ownership,” said JP Morvan, CEO of IPACKCHEM.
KPMG acted as exclusive M&A advisor and CK Juris and Pioneer Legal acted as legal counsel to IPACKCHEM. EY acted as exclusive M&A advisor and Lumiere Law Partners acted as legal counsel to Mullackal.