Pulp Producer April Acquires Controlling Stake in Origami
Singapore headquartered and producer of pulp and fibre, April Group has acquired a controlling stake in Origami, India’s leading consumer tissue products company.
Origami is a fully integrated operation, spanning tissue paper mills and converting plants operating at multiple locations and distribution centers across the country.
Origami manufactures an extensive product range covering facial tissues, paper napkins, toilet tissue rolls, kitchen towels, hand towels, and wet wipes under the Origami and affiliated brands.
According to April Group, the Indian tissue market has shown significant growth, driven on the back of India’s fast evolving middle class, consumer perceptions and habits on hygiene and personal care.
This has created environment in which international-standard personal hygiene products are increasing in demand, with headroom to grow given that per capita consumption is well behind global standards.
“The Indian tissue market is rapidly expanding, driven by consumers’ evolving perceptions and habits on hygiene and personal care,” said Suneel Kulkarni, Country Head, April India & Subcontinent.
“By bringing together April and Origami, we are well placed to serve the growing national demand for high quality, sustainable personal hygiene products,” Kulkarni added.
April has been a leading exporter of pulp and paper products into India over the last 25 years.
The acquisition of Origami is part of April’s strategy to expand its footprint into the world’s most populous market following investments into the tissue markets in China, Southeast Asia and Brazil.
In India, April plans to follow its successful model to integrate leading local enterprises into its global growth plans and provide the resources to upgrade technology and processes.
Origami was founded in 1995 by Neelam and Manoj Pachisia, who will continue to hold a significant minority stake in the company and continue to lead the business after the acquisition.
