Canpac Trends Accelerates Growth with Strategic Acquisition of Shriram Veritech Solutions Pvt. Ltd.
In a significant step forward, Canpac Trends has acquired Shriram Veritech Solutions (now, CanPac Veritech Solutions Pvt. Ltd.), an NCR-based leader in value-added labels and anti-counterfeiting solutions with over 30 years of expertise. This acquisition marks another milestone in Canpac’s vision to build India’s most comprehensive and sustainable packaging platform, diversified across geographies, products, and end-use segments.
By integrating Veritech’s specialized capabilities, Canpac not only strengthens its leadership in the sustainable packaging space but also expands its manufacturing footprint nationwide, unlocking new avenues for innovation, scale, and customer value.
Key Outcomes of the Acquisition
Product Portfolio Extension
• Adds advanced labels and anti-counterfeiting solutions to the portfolio
• Expands capabilities across packaging, authentication, and supply chain management
• Strengthens presence in high-value, technology-driven packaging segments
Geographic Expansion
• Reinforces North India presence with a strategic Greater Noida facility
• Expands manufacturing network across India
• Enhances reach across key industrial and consumption hubs
Expertise & Team Integration
• Brings together 30+ years of Veritech’s deep domain expertise
• Strengthens technical, operational, and innovation capabilities
• Unlocks cross-selling opportunities across a broader customer base
Innovation & Growth
• Accelerates development of smart and sustainable packaging solutions
• Enhances capabilities in product security and supply chain optimization
• Fuels long-term growth through Canpac’s focused consolidation strategy
