Control Print Italy S.r.l. purchases business assets of Italy-based V shapes S.r.l for approximately € 3.7 million
Control print S.r.l purchases business assets in Italy based V Shapes for approximately € 3.7 million
V Shapes S.r.l’s expertise in designing innovative solutions with highly differentiated, premium, sustainable single-serve packaging
Control Print enters into the Packaging Machinery and Materials business through this acquisition with a view towards providing innovative, high IP solutions with the focus on sustainability and serving a global clientele
Control Print Italy S.r.l, a wholly owned subsidiary of Control Print Limited, India’s premier integrated Coding & Marking solutions provider, has announced the acquisition of the business assets of Italy based V shapes S.r.l., for approximately € 3.7 million.
Through this acquisition Control Print Limited has achieved a series of objectives ranging from undertaking a high IP related diversification in the packaging business, to providing sustainable packaging solutions, especially in the critical area of single dose/single serve packaging, to serving a global clientele and international diversification. V-Shapes has developed significant intellectual property in the area of Single Serve Packaging with a wide-range applicability in the premium and luxury segment including pharmaceuticals, nutraceuticals, cosmetics, and food. Control Print Limited will retain the entire existing V-Shapes Team and maintain the manufacture, design, and development of the packaging technology in Italy.
Speaking on this, Mr. Shiva Kabra, Joint MD, Control Print Ltd., said “Innovation and sustainability are two of the core pillars around which CPL endeavors to provide solutions to its customers. V-Shapes will help us in expanding our product portfolio in the packaging machinery industry. We are committed to further investing into developing this technology and marketing it globally…”
“We are absolutely looking forward to joining hands with Control Print.” said Christian Burattini of V Shapes. He added, “With Control Print’s strong management and financial backing combined with our innovative single-serve packaging solutions, we are confident that we will be able to tap into global sales opportunities as well as focus on recyclability.”
Control Print’s past acquisitions include 80% stake in The Netherlands-based Markprint BV that manufactures Inline Digital Printing solutions, through its Dutch Holding Company Control Print B.V. The Company also announced an acquisition of a majority stake in Codeology Group Ltd, a UK-based provider of Print and Apply Systems. Additionally, the company has launched QRiousCodes, innovative QR codes-based track and trace solutions. Control Print manufactures non-contact & contact type coding and marking machines based on Continuous Inkjet, Thermal Inkjet, Thermal Transfer and Laser printing technology. A pioneer in the coding and marking solutions space, the brand caters to various industries including the likes of food and beverage, pharmaceutical, FMCG, personal care, pipe & plastic, wire & cable, steel & metal, cement, as well as plywood.
About Control Print Limited:
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 offers a full gamut of in-house coding and marking solutions that includes equipment, consumables and spares and services. Control Print Ltd. provides customized, industry specific, integrated solutions to enhance customer value for clients across more than 20 sectors. It owns two state-of-art factories in Nalagarh, Himachal Pradesh and Guwahati, Assam. They have 11 branch offices in India, extensive presence in 3 countries and approximately 850 employees including service and field staff. They have the widest service network in India covering 1,700 cities across the country. Their other offerings include, “Markprint” that provides Inline Digital Printers and solvent free inks that contain no traces of carcinogenic, reprotoxic or mutagenic (CMR) substances. Also, there is “QRiousCodes”, a brand that provides innovative QR based track and trace solutions. They also manufacture and supply BIS & EN certified surgical and FFP2 grade masks under the brand name “The Mask Lab”. The Mask Lab was one of the 4 brands in India to be awarded US FDA 501K certification for its 3-ply mask.
