India: Luxembourg's Guala Closures to fully acquire Axiom Propack

India: Luxembourg's Guala Closures to fully acquire Axiom Propack

Photo: Mint

Luxembourg-based Guala Closures Group, one of the world leaders in the production of packaging material, has signed a definitive agreement to acquire Karnataka-based Axiom Propack Pvt. Ltd for an undisclosed sum, the company said in a statement.

The deal under which Guala Closures will take full control of Axiom Propack, is slated to close within three months, subject to necessary approvals.

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