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Portfolio & StrategyMarkets & Customers 26 Oct 2026

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
LEAP India Vimprotech counterparty Total International Packaging Solutions counterparty
Sources InvestyWise
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-10-27 · Edited before publication: Revenue figures in INR were not converted to USD.
  • 2026-10-27 · Edited before publication: The agreements are signed but completion is only expected by Q3 FY2026-27, so the headline now says 'agrees to buy'. The summary gave INR first; house style puts USD first. The conversions at USD 1 = INR 95.19 are correct.