LEAP India agrees to buy two plastics packaging businesses for USD 14.9m
LEAP India has signed business transfer agreements to acquire Vimprotech and Total International Packaging Solutions (TIPS) for a combined USD 14.9m (INR 142 crore) in cash, payable in tranches. The businesses bring vacuum-formed, thermoformed and injection-moulded packaging manufacturing, plus a returnable-packaging pooling operation serving the automotive sector. Completion is expected by the third quarter of FY2026-27.
Why this mattersBackward integration into custom plastics manufacturing lets LEAP control costs and widen its pooling and crate range for automotive customers.
- Combined cash consideration is USD 14.9m (INR 142 crore), payable in tranches
- Vimprotech costs USD 10.7m (INR 102 crore) and had FY2025-26 revenue of USD 4.9m (INR 47 crore)
- TIPS costs USD 4.2m (INR 40 crore) and had FY2025-26 revenue of USD 1.9m (INR 18 crore)
- Deals are executed via LEAP's wholly owned subsidiaries Vimprotech Private Limited and Total Integrated Packaging Solutions Private Limited
- Completion is expected by the third quarter of FY2026-27
- LEAP expects the deals to add more than 200 customers and expand its custom crates, trays and separator sheet range
Sources
InvestyWise