Hotpack Global, one of the largest food packaging manufacturers in the region, has acquired Al Huraiz Packaging Industry (AHP), a leading corrugated carton manufacturer in the UAE.
Hotpack will invest another AED100m (approx. USD27.2m) in this facility to double the manufacturing capacity.
Located in Dubai Investments Park, AHP is a state-of-the-art facility that is one of the most technically advanced packaging plants for corrugated carton products in the UAE.
Hotpack is the packaging products manufacturer with the world’s largest exclusive retail network.
Following the acquisition, Hotpack Global will assume complete control of operations of AHP and the business will be renamed to Hotpack Packaging Industries LLC.
Commenting on this, Abdul Jebbar PB, Group Managing Director of Hotpack Global, said, “The acquisition will not only benefit us logistically, as it supports the internal requirements of Hotpack but also adds a new portfolio of products to our offerings. This is a strategic and significant step in our pursuit to achieving vision 2030, which is to become the world’s largest packaging manufacturer.”
“We will continue to invest in enhancing our production and supply chain capabilities with an emphasis on technology and sustainability. To achieve this, we have further invested AED 100 million in Al Huraiz Packaging to double our production capacity in this plant and to diversify our product portfolio,” he added.
Zainudeen PB, Group Executive Director of Hotpack Global said, “The new facility will be Hotpack’s 14th manufacturing plant across the globe. Hotpack’s vision for the future also envisages increasing its market share in our home market, which is the GCC. Our forward integration initiatives and retail chain developments augment the expansion of manufacturing operations.”
“One of the immediate additions will be the introduction of product and service lines like microflute and high-definition offset printing, which will elevate the visual appeal of customer brands. Our production capacity will be multiplied with the addition of high accuracy die-cutting machines,” he added.
Recently, Hotpack Global celebrated its successful journey of 27 years in the packaging industry. They are the largest manufacturer of packaging products in the Middle East with over 3,500 products in its portfolio and specializes in products from paper, plastic, aluminium, wood, and biodegradable materials.