- Emmbi has acquired this stake from an Austrian Company Silagro Gmbh which was holding a 50% stake prior to this transaction
- The two companies have entered into an exclusive marketing arrangement for marketing Emmbi’s products in non English speaking countries
Emmbi Polyarns Limited (B.S.E Code:533161), engaged in the manufacture & sale of FIBC (Jumbo Bags) and Woven Sacks and various woven polymer based products like Container Liners, Protective irrigation system, Canal Liners, Flexi Tanks, Car covers etc announced its acquisition in international marketing company called Global Bag.
Emmbi Polyarns has acquired a 25% stake in The Czech Republican Company who is engaged in marketing of Agricultural Storage Equipments & Packaging from an Austrian company, Silagro Gmbh.
Silagro Gmbh, which is a well known company in the same field was holding a 50% stake in Global Bag prior to this transaction.
The two companies have entered into an exclusive marketing arrangement for Marketing Emmbi’s products in the non English speaking East European countries viz Czech Republic, Slovakia and Poand.
This acquisition will also help Emmbi explore newer geographies in terms of distribution, marketing & expansion activities. It will also help explore the horizons for export activities to further capture similar packaging opportunities in the Agricultural field.
“We are extremely happy to announce our entry into new countries. Not only would this acquisition boost our exports but also create more opportunities in packaging for agriculture products. The performance of this acquisition will guide us on our global ambitions” said Mr. Makrand Appalwar, MD, Emmbi Polyarns Limited.
About Emmbi Polyarns Limited:
Emmbi started the production of FIBC (Jumbo Bags) Geo-textiles, Canal Liners, Pond Liners, Flexible Tanks, Car Covers, Lumber Cover, PP Fibrillated Stitching Yarn, Container Liners, Protective irrigation system, etc back in 2006. The Company is promoted by the first-generation entrepreneurs, Mr. Makrand Appalwar and Mrs. Rinku Appalwar in November 1994. They are one of the well established brands in the field of woven polyethylene and polypropylene product manufacturing industry.
Their manufacturing unit is located out of Silvassa & have been awarded SME 2 rating by CRISIL Limited which indicates ‘High’ level of credit worthiness.
