Moglix, a leading B2B commerce platform, has announced the strategic acquisition of Khatema Fibres, a pioneer in eco-friendly paper products, for ₹80 crore. This move marks a significant milestone in Moglix’s mission to lead in industrial procurement and sustainable packaging, aligning with India’s vision of a Viksit Bharat by 2047.
Strengthening Moglix’s Market Position
This acquisition enhances Moglix’s product portfolio, bolsters operational efficiency, and positions the company for accelerated growth. It also signals Moglix’s entry into five new manufacturing categories as part of its broader expansion strategy.
Key highlights of the acquisition include:
- Sustainable Manufacturing Expertise: Founded in 1990 in Khatema, Uttar Pradesh, Khatema Fibres specializes in eco-friendly paper manufacturing, producing 50,000 metric tons annually. Their product line includes high-strength kraft paper, machine-glazed and finished papers, tissue options, sublimation paper, and food-grade packaging solutions.
- Next-Day Delivery Expansion: Moglix’s recent Next Day Delivery service, already available in over 12 cities, is set to expand to 40 cities, ensuring faster and more reliable services for its B2B clients.
Advancing Industrial Growth in Uttarakhand
By acquiring Khatema Fibres, Moglix is expanding its presence in Uttarakhand, supporting local industrial growth and development. This integration is expected to:
- Create job opportunities.
- Promote skill development and local manufacturing capabilities.
- Strengthen infrastructure, benefiting farmers and artisans in the region.
Rahul Garg on the Acquisition
Rahul Garg, Founder and CEO of Moglix, emphasized the strategic importance of this acquisition:
“We are delighted to welcome Khatema Fibres into the Moglix family. This acquisition not only expands our manufacturing footprint but enables us to deliver even greater value as we meet the dynamic demands of the market. Our commitment to supporting India’s vision of a Viksit Bharat by 2047 remains steadfast.”
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