PG Paper, a UK-based paper supplier, is planning to expand its business in India through the acquisition of local companies compatible with their business strategy and model.
The paper company owners, Puneet and Poonam Gupta want the company to dive in newer and less explored markets into a variety of industrial sectors across nations. According to the husband-wife duo, the company has already established a strong hold in over 40 countries and is further undergoing a global expansion. The company sees mergers and acquisitions as the best way to achieve greater market penetration.
Explaining the company strategy, CEO Puneet Gupta, said “We believe that acquisition is the best opportunity to grow internationally. It will be a self-funded. We have already identified companies in America, Africa, the far East, Scandinavia and Germany which are ripe for take over.”
“We are also looking for opportunities to come our way, particularly in India,” adds Poonam.
The Scottish company was founded in 2003 and has continued to evolve since then. It specialises in providing customised paper solutions and offers a variety of paper and board for writing and printing and packaging, tissue and other specialty papers, waste paper and other products such as stationery and office supplies.
The company currently exports most of its total volume to the Indian Subcontinent, the Middle East and the Far East. Gupta entitles Indian trade as the backbone of their business.
Article Source: printweek.in