SK Capital-backed IPACKCHEM Group to acquire Mullackal Polymers.

SK Capital-backed IPACKCHEM Group, a producer and distributor of plastic packaging products, agreed to acquire Mullackal Polymers, a crop protection packaging provider in India. Financial terms were not disclosed. “We are extremely excited to partner with Reams and Parthia Pillai, who have built a high-quality and innovative business, and we look forward to accelerating Mullackal’s growth under IPACKCHEM ownership. By leveraging IPACKCHEM’s sustainable barrier technology, Mullackal will be uniquely positioned to provide high-quality recyclable packaging for customers in India. Similarly, we expect to leverage Mullackal’s proprietary caps technology (CRTESS) across IPACKCHEM’s existing product portfolio. This transaction is core to our strategy of being the leading global barrier packaging player serving crop protection and specialty chemicals customers. We will continue to aggressively pursue acquisitions in new geographies, including North America, to fully mirror our clients’ global footprint.” JP Morvan, IPACKCHEM CEO.