Oricon Enterprises Ltd has transferred its Metal Crown Seals and Roll-On Pilfer Proof Closures business located in Maharashtra to Guala Closures (India) Pvt Ltd. The strategic divestment, executed as a slump sale on a going concern basis, aligns with Oricon’s portfolio optimization and focused growth strategy.
Oricon Enterprises Limited, a diversified industrial company, has successfully transferred its Metal Crown Seals and Roll-On Pilfer Proof Closures business situated at MIDC Murbad, Thane, Maharashtra, to Guala Closures (India) Private Limited. The transaction was carried out through a slump sale arrangement at an enterprise value of ₹425 million (₹42.5 crore), subject to closing adjustments.
This divestiture marks a deliberate strategic move by Oricon to streamline its business portfolio and concentrate on core areas with higher growth potential. The transferred business included all assets, inventories, contracts, and employee benefits, ensuring continuity for the buyer under the going concern principle.
Guala Closures India, a subsidiary of the global Guala Closures Group, aims to strengthen its position in the closures segment through this acquisition, expanding its footprint in the Indian packaging market.
The transaction is expected to complete by early December 2025, pending regulatory and shareholder approvals, reinforcing both companies' commitment to smooth transition and future collaboration.
Key Highlights:
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Metal Crown Seals business transferred to Guala Closures (India) Pvt Ltd via slump sale.
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Enterprise value fixed at ₹42.5 crore, subject to closing adjustments.
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Business includes manufacturing assets, brands, inventories, contracts, and employees.
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Transaction supports Oricon’s portfolio rationalization and focus on strategic growth.
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Guala Closures expands its Indian market presence in packaging closures.
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Expected completion by December 2025, subject to approvals.
Sources: Oricon Enterprises Limited official filing, ScanX Trade, Market Screener, Moneyworks4me