• UFP Industries acquires majority stake in Ficus Pax Pvt Ltd

UFP Industries acquires majority stake in Ficus Pax Pvt Ltd

Deal TypeTransaction Services
Sub-IndustryTransport & Logistics

The BDO Transaction Services team in India provided financial and tax due diligence and transaction structuring support to UFP Industries in connection with the acquisition of Ficus Pax Private Limited, a leading producer of industrial packaging in India.

UFP Global Holdings Ltd., acquired 70 percent of the equity in Ficus Pax Private Limited (Ficus Pax), for approximately USD13.5 million. Headquartered in Bangalore, India, Ficus Pax manufactures mixed-material cases and crates, nail-less plywood boxes, wooden pallets and other packaging products through 10 facilities located in major industrial markets throughout southern India. Ficus Pax also owns a majority stake in Wadpack, a manufacturer of corrugated fibre board containers, corrugated pallets and display solutions.

The company had trailing 12-month sales through August 2021 of approximately USD39 million and 600 plus employees. The investment and support that UFP will provide to Ficus Pax and Wadpack will allow them to expand their sales outreach, increase their capacity, automate in ways that will improve their productivity, and gain more flexibility in sourcing materials.