SRF, a leader in specialty chemicals and packaging films, has entered into a definitive agreement to acquire Kanpur Plastipack’s (KPL) cast polypropylene (CPP) film business for INR 49.25 crore. The acquisition includes KPL’s Windmöller & Hölscher CPP film plant and machinery, marking SRF’s latest expansion in the flexible packaging segment.

In a regulatory filing, KPL stated that its Board of Directors, in a meeting held on 11 March 2025, approved the sale of the CPP division’s plant and machinery, located at Gajner Road, Village Shyampur Fatehpur Roshnai, Kanpur Dehat, citing the non-viability of manufacturing operations.

KPL, a key player in the Flexible Intermediate Bulk Container (FIBC) and CPP segments, had established its CPP film line with a production capacity of 7,200 tonnes per annum. The facility specializes in manufacturing high-barrier, seven-layer transparent CPP films and other value-added variants.

Following the acquisition, SRF will integrate the assets into its existing packaging films portfolio, which includes BOPP and BOPET films. This move strengthens SRF’s leadership in the flexible packaging space, enhancing its ability to serve key industries such as consumer goods, pharmaceuticals, and automotive.

Singhi Advisors acted as the exclusive strategic and financial advisor to KPL for the transaction. This marks Singhi Advisors’ eighth deal in the packaging industry and its second transaction with SRF, having previously advised the company on the strategic sale of its engineering plastics business to DSM.

The transaction is expected to be completed in the coming months, with SRF relocating and installing the acquired machinery at its advanced manufacturing facility in Indore.