LEAP India Limited has announced the execution of Business Transfer Agreements to acquire two plastic packaging businesses for a total cash consideration of ₹142 crore. The acquisitions include Vimprotech, a sole proprietorship firm, and Total International Packaging Solutions (TIPS), a partnership firm. These strategic moves aim to strengthen LEAP’s manufacturing capabilities, expand its product portfolio, and enhance its market presence, particularly in the automotive sector.
Strategic Acquisition Boosts LEAP India’s Capabilities
LEAP India Limited has significantly expanded its operational footprint and manufacturing prowess through the acquisition of two key businesses in the plastic packaging sector. The company has executed Business Transfer Agreements (BTAs) with Vimprotech and Total International Packaging Solutions (TIPS) for a combined cash consideration of ₹142 crore. The transactions are expected to be completed by the 3rd Quarter of FY2026-27.
Acquisition of Vimprotech
In the first transaction, LEAP’s wholly owned subsidiary, Vimprotech Private Limited (Acquirer 1), entered into BTA 1 with Ms. B. Sumitha, the sole proprietor of Vimprotech. This acquisition involves the business undertaking of Vimprotech, which specializes in manufacturing vacuum-formed, thermoformed, and injection-moulded packaging solutions. Vimprotech reported a revenue of ₹47 crore for the financial year 2025-26. The cash consideration for this acquisition is ₹102 crore, payable in tranches.
Acquisition of Total International Packaging Solutions (TIPS)
Concurrently, Total Integrated Packaging Solutions Private Limited (Acquirer 2), another wholly owned subsidiary of LEAP, executed BTA 2 with M/s. Total International Packaging Solutions (TIPS). TIPS is engaged in pooling returnable packaging materials and caters to the automotive industry, with a revenue of ₹18 crore in FY2025-26. The cash consideration for TIPS is ₹40 crore, also payable in tranches. This acquisition is expected to enhance LEAP’s pooling business and strengthen its position in the automotive segment.
Synergies and Strategic Objectives
The acquisitions are aligned with LEAP India’s growth strategy, focusing on backward integration into custom plastics manufacturing. This move is intended to bolster in-house designing and manufacturing capabilities, optimize production costs, and improve operational efficiencies. The company anticipates a significant expansion of its product catalog, including custom crates, trays, and separator sheets, serving diversified segments. Furthermore, these acquisitions are expected to broaden LEAP’s customer base by over 200 valued customers, driving cross-selling opportunities and enhancing long-term profitability.
Source: BSE
