Control print S.r.l purchases business assets in Italy-based V Shapes for approximately € 3.7 million
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 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, Shiva Kabra, Joint MD, Control Print Ltd., said “Innovation and sustainability are two of the core pillars around which CPL endeavours 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…”
Control Print’s past acquisitions include an 80 per cent stake in The Netherlands-based Markprint BV which 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.