SRF to acquire Kanpur Plastipack’s CPP division

SRF, a Gurugram-based conglomerate specialising in industrial and speciality intermediates, has agreed to acquire the cast polypropylene (CPP) film division of Kanpur Plastipack for INR 49.25-crore. This acquisition marks SRF’s entry into the CPP business, a division that was considered a non-core business by Kanpur Plastipack. 

The acquisition will include the plant, machinery, and spare parts associated with CPP films, which SRF plans to relocate to its facility in Indore. Kanpur Plastipack primarily manufactures flexible intermediate bulk containers and jumbo bags for storing and hauling flowable materials.

CPP is a durable and flexible material widely used in industries such as FMCG, pharmaceuticals, and automotive. This move will allow SRF to expand its product range in flexible packaging films, complementing its existing offerings.

The deal is expected to close by the end of October 2025. SRF, listed in Mumbai, has sovereign wealth funds from Singapore and Norway among its shareholders. The Indian packaging sector has seen a series of big deals recently, with firms like Investcorp-backed Canpac Trends acquiring Saptagiri Packagings and private equity firm PAG acquiring Manjushree Technopack.

Singhi Advisors & Financial Services acted as the advisor to Kanpur Plastipack in this transaction.