JK Paper completed the acquisition of Horizon Packs and Securipax Packaging for $71m.

JK Paper, a paper manufacturing company, completed the acquisition of Horizon Packs, a manufacturer of packaging materials, and Securipax Packaging, a private company, for $71m. "It is a privilege to join hands with India's largest player in the Corrugated Packaging segment. This together with JK Paper's upcoming corrugated facility in Ludhiana will establish it as the largest player in the corrugated packaging industry," Harsh Pati Singhania, JK Paper Vice Chairman and Managing Director.