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Oricon Enterprises Enters Into JV With Tecnocap Group To Form Tecnocap Oriental
This partnership enables us to jointly leverage our synergies to provide state-of-the-art packaging solutions to Indian customers
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Oricon Enterprises Limited has entered into a Joint Venture (JV) agreement with Tecnocap Group, to incorporate a new company, Tecnocap Oriental Pvt Limited. The company will be engaged in the manufacturing of lug caps and will be located at Murbad in Thane district of Maharashtra.
Investment Banker Singhi Advisors exclusively advised Oricon Enterprises Limited and Tecnocap Group on this transaction.
Michelangelo Morlicchio, CEO, Tecnocap Group stated “This partnership enables us to jointly leverage our synergies to provide state-of-the-art packaging solutions to Indian customers,”
Oricon Enterprises Limited is the flagship company of Parijat Enterprises. It is engaged in the business of manufacturing and marketing packaging products comprising metal caps and closures including crown caps, plastic closures roll over pilfer proof caps (ROPP caps), twist off caps and aluminium collapsible tubes, pre-forms, liquid colorants, petrochemical products.
Tecnocap Group specializes in the manufacturing of metal closures for glass jars and plastic containers. The group is one of the biggest manufacturers of tinplate and aluminium closures as well as aluminium monobloc aerosol cans and aluminum bottles. It is the 3rd largest lug cap manufacturers in the world.
The transaction closing is subject to all applicable regulatory approvals.
Tecnocap is a worldwide metal packaging manufacturer, specialized in metal closures for glass jars and plastic containers. The group is one of the biggest producers of tinplate and aluminium closures as well as aluminium monobloc aerosol cans and aluminium bottles for some of the world’s best-known consumer brands in food, beverages, spirits, cosmetics, nutraceuticals, and pharmaceuticals, industrial and household products.
Oricon Enterprises Ltd acquired in 1968, Oricon Enterprises formerly known as Oriental Containers Ltd. was mainly into packaging, real estate and petrochemicals. Oricon Enterprises, the flagship company of Parijat Enterprises is currently in Real Estate, Marine Logistics, Packaging and Petrochemicals.
Singhi Advisors Keeping up with its track record of “Diversity in the Deal Making”, Singhi Advisors in last three decades has exclusively advised multiple transactions valued from million dollar to billions of dollars, involving family-owned business houses to professionally managed companies, publicly listed companies to privately-owned companies, Fortune 500 companies to small & mid-sized companies, cash-backed transactions to equity swaps, cash-rich clients to companies in distress.