Innovative Tech Pack has acquired Juniper Polymer Industries LLP having its Manufacturing facilities at Vadodara in Gujarat. The said firm mainly engaged in the business of manufacturing of 'Rigid Bulk Packaging' for Plastic Crates, Buckets, Helmets, Furniture, consumable Electrical appliances equipments etc. This firm is having an excellent infrastructure and has been dealing in the field of material handling products supplying continuously to one of the largest company in this segment.

Moreover, Innovative Tech Pack has been receiving serious business proposal in its core business of PET Bottles, Jars and PP closure from various FMCG companies in that region. Currently, the company is catering to these customers from their Rudurpur facility, subsidizing the freight. All FMCG companies have now started to prefer to do their purchase of packing needs from companies which have 'PAN India' presence.

This strategic investment is expected to yield a topline of Rs 350 million in the material handling division by processing 3500 tons of material i.e. HDPE, PP, Nylon, Nylon 66 engineering Polymer.

The company is also expected to do a topline of Rs 150 million in the current financial year 2017-18 and we are slated to commence PET Bottles, Jars and PP closure production by the last week of August 2017.

Shares of the company declined Rs 0.2, or 0.2%, to trade at Rs 101.60. The total volume of shares traded was 1,693 at the BSE (10.54 a.m., Wednesday).