Positive Packaging acquires SGRE

15 October 2012 (Last Updated October 15th, 2012 18:30)

Flexible packaging manufacturer Positive Packaging has announced the acquisition of SGRE Labels, a label manufacturing business located in Bengaluru, India.

Flexible packaging manufacturer Positive Packaging has announced the acquisition of SGRE Labels, a label manufacturing business located in Bengaluru, India.

The acquisition, which follows the recent integration of ICM Packaging, is part of Positive's vision to become its customers' preferred supplier, and provides the company with new label packaging equipment and infrastructure.

Positive Packaging group managing director Pranesh Kankanwadi said the company has been observing the increased scope of requirements of its customers, who would like to deal with a single supplier for a wide range of their packaging requirements.

"One of the requirements is labels. Being prompt to react to our customers' needs, we clinched the opportunity to provide superior labelling solutions at par with global standards that Positive is known for," Kankanwadi said.

The investments are said to emphasise Positive's commitment to stakeholders to grow in a manner that is mutually beneficial.

SGRE currently uses European machines, with additional equipment set to be installed in March 2013.

In order to hasten the turnaround of short-run jobs and product sampling, SGRE is equipped with HP Indigo digital printing / converting equipment.

The company manufactures self-adhesive labels for the manufacturing, telecom, IT, apparel, pharma, FMCG and retail sectors.

Positive Packaging, a part of the Enpee Group, which has manufacturing facilities in India, Nigeria and UAE, serves as a one-stop-source for printed and laminated barrier-grade flexible packaging.