In a move that signals its deepening ambition in India’s premium packaging landscape, Canpac has announced the acquisition of Krishna Creation, an Ahmedabad-based boutique specialist in folding cartons and rigid box packaging, celebrated for its craftsmanship, precision finishing, and design sensibility. Krishna Creation’s clientele reads like a who’s-who of premium brands — Welspun, Renee Cosmetics, Indocount, Damson, and Trident among them — each drawn to the same quality: packaging that doesn’t just protect a product, but elevates it.
As part of the transaction, Canpac and Krishna Creation will jointly set up a new greenfield facility in Ahmedabad — the company’s 3rd unit in the city and 10th overall in India — built entirely around the art of premium packaging. Arriving September 2026, the plant will house a new KBA 106-7 colour coater with UV, alongside a present Komori 6 colour UV press and a full suite of post-press equipment for rigid paper packaging, folding cartons, and gift bags. The move sharpens Canpac’s presence in the specialty, gift, and premium packaging segment — a space where design and finish, not scale alone, define who wins the customer’s trust. It also marks a natural next chapter in Canpac’s 15-year journey: from 1 plant to ten, from a regional folding carton player to a diversified packaging platform serving
India’s fastest-growing consumer brands.
This marks Canpac’s 5th acquisition, underscoring a consistent, disciplined approach to
inorganic growth alongside organic expansion. The company has grown at a 25% CAGR over
the last 15 years, scaling from a single regional operation into one of India’s leading
diversified paper packaging platforms.
This partnership brings together Canpac’s operational scale with Krishna Creation’s design and finishing expertise. This is a clear step towards owning the premium and
luxury segment of packaging in India.
— Sagar Makhija, M&A Head, Canpac Trends
The two teams will now work together to grow this business, combining Canpac’s scale and process discipline with Krishna Creation’s boutique craftsmanship — a partnership built to define the top of India’s packaging pyramid.
