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Control print Srl acquires business assets of Italy’s V Shapes for approximately €3.7 million
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V Shapes Srl has expertise in designing innovative solutions with highly differentiated, high-quality, sustainable single-serve packaging
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Control Print enters the packaging machinery and materials business through this acquisition, aiming to provide innovative, high-IP solutions focused on sustainability and serve customers around the world
Control Print Italy Srl, a wholly-owned subsidiary of Control Print Limited, India’s premier integrated encoding and marking solutions provider, announced the acquisition of the business assets of V Shapes Srl of Italy for approximately €3.7 million.
With this acquisition, Control Print Limited has achieved a number of objectives, from achieving high IP related diversification in the packaging business to providing sustainable packaging solutions, especially in the key area of single dose/single serving packaging , to provide internationally diversified services to global customers. V-Shapes has developed significant intellectual property in the single-serve packaging space and has broad applicability in the premium and luxury segments, including pharmaceuticals, nutritionals, cosmetics and food. Control Print Limited will retain the entire existing V-shaped team and maintain the manufacturing, design and development of packaging technology in Italy.
Mr. Shiva Kabra, Joint Managing Director of Control Print Ltd., said: “Innovation and sustainability are the two core pillars of CPL’s efforts to provide solutions to customers. The V-shaped shape will help us expand our product portfolio in the packaging machinery industry. We Committed to further investment in developing this technology and marketing it globally…”
“We are very much looking forward to working with Control Print,” said Christian Burattini of V Shapes. He added: “With Control Print’s strong management and financial support, coupled with our innovative single-use packaging solutions, we are confident that we can capitalize on global sales opportunities and focus on recyclability.”
Control Print’s past acquisitions include an 80% stake in Markprint BV of the Netherlands, which manufactures inline digital printing solutions through its Dutch holding company Control Print BV. The company also announced the acquisition of a majority stake in UK-based supplier Codeology Group Ltd of printing and application systems. Additionally, the company launched QRiousCodes, an innovative QR code-based tracking solution. Control Print manufactures non-contact and contact coding and marking machines based on continuous inkjet, thermal inkjet, thermal transfer and laser printing technologies. A pioneer in coding and marking solutions, the brand serves various industries including food and beverages, pharmaceuticals, FMCG, personal care, pipes and plastics, wires and cables, steel and metals, cement, and plywood, among others.
About Control Printing Ltd:
Control Print Ltd (listed on NSE and BSE) is the only fully integrated ‘Made in India’ manufacturer offering cutting-edge indigenous coding and marking products and solutions. It provides a full range of in-house coding and marking solutions, including equipment, consumables, spare parts and services. Control Print Ltd. provides customized, industry-specific integrated solutions to increase customer value for customers in more than 20 industries. It has two state-of-the-art plants at Nalaghar in Himachal Pradesh and Guwahati in Assam. They have 11 branches in India, operate in 3 countries, and employ around 850 people, including service and field personnel. They have the most extensive service network in India, covering 1,700 cities across the country. Their other products include ‘Markprint’, which offers online digital printers and solvent-free inks that do not contain any carcinogenic, reproductive toxic or mutagenic (CMR) substances. Additionally, there is “QRiousCodes”, a brand that provides innovative tracking solutions based on QR codes. They also manufacture and supply BIS and EN certified surgical masks and FFP2 level masks under the brand name “The Mask Lab”. Mask Lab’s 3-layer masks are one of the 4 Indian brands that have received US FDA 501K certification.
