Professional animal health business obtained by JK Paper and Quadragen Vethealth is decentralized

JK Paper’s Quadragen Vethealth acquisition is its fourth in 2.5 years.

2025-01-30 11:53:00 :

JK Paer LTD is a paper and packaging solution company, and has acquired Quadragen Vethealth PVT. Limited (QVPL) Bleak4.6 billion in all cash transactions, with diversification into special animal health, nutrition and feed additive business.

JK Paper said in an exchange document on Wednesday that the transaction reflects the pre -acquisition of 65 % of QVPL’s shares and is expected to be purchased within four years.

Harsh Pati Singhania, Chairman and Managing Director of JK Paper, said in the document: “This is a promising and rapidly developing strategic acquisition, providing new opportunities for the company’s development.”

JK paper stock price fell 6.5 % Bleak356.65 In the early morning transaction of BSE, SenseX rose 0.39 %.

QVPL is engaged in the business of manufacturing, marketing and export animal nutrition products, including feed additives and growth promoters. The document shows that the EBITDA profit margin of the Bangalore company is more than 30 %, and it has expanded with a compound annual growth rate of 20 %.

Singhi Advisors provided suggestions on the transaction, which is the fourth acquisition of JK Paper in 2.5 years. Its previous acquisition includes Radhesham Wellpack PVT. LTD and Manipal’s utility packaging solution PVT. Co., Ltd.

In December, the company carried out a reorganization activity, including three all subsidiaries-Horizo ​​N Packs PVT. LTD, Securipax Packaging Soldier. LTD and JKPL utility packaging solutions-Into JK paper to merge and simplify its operations.

The net profit of JK paper refuses Bleak65.39 million as of the quarter of December BleakIn the same year, 235.111 million. The income of operations falls to Bleak1,631.99 million Bleak1,76.222 million.

“Low prices are not conducive to the sharp impact on sales and the realization of paper and board. In addition, the cost of continuous high wood has led to a significant decline in profits.” Singhania said.

JK paper is one of the top manufacturers of coating paper and packaging products in the country. The company’s products include a copy machine, bonds, coating paper, Virgin fiber packaging board, high -end maple tree, food -grade paper, board, corrugated carton, single carton and label.

Follow us On Social Media   Twitter/X

Join WhatsApp

Join Now