Japanese company Oji Holding Corporation has acquired a majority 80% shares in Punjab-based Empire Packages Private Limited. Oji, one of the leading global paper and packaging player, has acquired the provider of services to several fortune 500 companies and large FMCG companies in north India.
Oji Holdings subsidiary Oji India Packaging has already established several corrugate units across India and this acquisition provides access to the entire northern region. Empire will be Oji group’s 35th corrugated container plant in South East Asia, India and Oceania. Recently in June 2021, they stopped manufacturing of heavy duty packaging material in Uttar Pradesh plant and consolidated to the existing plant in Rajasthan.