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ADV Partners, Premji Invest acquire controlling stake in Micro Plastics

Tuesday, 27 Apr 2021
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Asian private equity firm ADV Partners and Premji Invest have acquired a significant majority stake in plastic molding company Micro Plastics (MPPL) for around USD 70 million.

The funds will be used for the company’s expansion plans and development of new manufacturing facilities to cater to the increasing demand.

Headquartered in Bengaluru, Karanataka, Micro Plastics has five manufacturing facilities in and around the city. The company offers designing to shipping final products for diverse industries ranging from toys and model hobby kits to sports equipment.

The company’s manufacturing facilities feature state-of-the-art injection molding machines, an in-house tool room, mold design, press shop, assembly lines, quality testing lab and decoration facilities.

 

 
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