The Hindu Business Line : Printing company IPP scouting for buys in UK, US

New Delhi, April 23 Noida-based International Print-o-Pac (IPP), a company engaged in high-end printing and packaging business, is scouting for acquisition in the UK and US. Backed by a private equity infusion and retail boom in India, the company is also looking at setting up a greenfield facility to spawn growth.

“Modern trade is driving the printing and packaging business. We are scouting for acquisition in Europe and the US to gain a footprint in those markets. Advanced level talks are on for a buyout,” Mr Rishab Singhvi, Executive Director, IPP, told Business Line.

He, however, did not divulge the finer details of the deal.

Observing that from pharma to FMCG and personal care, products need to be shelf-ready to attract consumer attention, he said the company will invest Rs 100 crore for both green-field and brown-field expansions.

The printing and packaging industry is pegged at Rs 15,000 crore with a growth rate of 18-20 per cent annually. IPP had a private equity infusion from Blue River Capital last year which had picked up a minority stake for Rs 55 crore.

Retail venture

IPP has also rolled out its retail venture for stationery products under the brand Paperisto. “There is great need for a good brand and Paperisto will fulfill that gap.

Mr Singhvi said the company is also looking at brown-field expansions which will double its packaging capacity to 200 million from the present 100 million cartons a month. “We are looking at setting up our third facility somewhere near Mundra Port. The facility is likely to see an investmentof Rs 50-75 crore,” he added.

The company had invested Rs 30 crore in the last fiscal in procuring printing and packaging equipment and expanding its capacities. It has recently invested Rs 25 crore in buying a Web-offset printing machine from Japanese firm Komori Corp. In 2007-08, IPP recorded total revenue of Rs 155 crore, Mr Singhvi said, adding, “in the current financial year, we will cross the Rs 200-crore mark”.

The company at present publishes 50 magazines from its premises. “In the next one year, we plan to increase our client base to 150 by adding domestic and international magazines,” he said.

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