ITC Bolsters Paperboard Business with Strategic Acquisition of Century Pulp & Paper
ITC Limited, a leading diversified conglomerate, has announced the acquisition of Century Pulp & Paper (CPP) from Aditya Birla Real Estate Limited (ABREL). This strategic move aims to strengthen ITC's presence in the paperboard market and align with its commitment to sustainability and innovation.
ItcCentury Pulp PaperAditya Birla Real EstatePaperboardSustainable PackagingReal EstateMar 31, 2025
CPP is a prominent player in the paper manufacturing sector, known for its high-quality paperboard products. The acquisition will enable ITC to leverage CPP’s advanced technology and robust manufacturing infrastructure. This strategic integration is expected to bolster ITC’s market position and meet the growing demand for sustainable packaging solutions.
ITC has been a pioneer in sustainable business practices and has consistently invested in eco-friendly technologies and processes. The addition of CPP’s assets will further enhance ITC’s ability to produce environmentally responsible paperboard products. This aligns with ITC’s vision of creating a sustainable future and contributing to the United Nations Sustainable Development Goals (SDGs).
The deal is subject to regulatory approvals and is expected to be completed in the coming months. Once finalized, the acquisition will provide ITC with access to CPP’s extensive customer base and distribution network, further solidifying its leadership in the paper and packaging sector.
In a statement, ITC’s chairman said, “This acquisition is a strategic fit for ITC’s paper and packaging business, enhancing our capabilities and expanding our product portfolio. We are committed to leveraging our combined strengths to create value for our stakeholders and contribute to a more sustainable future.”
CPP’s operations are well-regarded for their efficiency and quality, and the integration into ITC is expected to bring about synergies that will benefit both companies and their customers. The acquisition will also help ITC to tap into new markets and explore innovative applications for its paperboard products.
ITC has a strong reputation for corporate governance and ethical business practices. The acquisition of CPP is in line with ITC’s long-term growth strategy and its commitment to delivering sustainable, high-quality products to its customers. The company continues to invest in research and development to stay ahead of industry trends and meet the evolving needs of the market.
With this acquisition, ITC is poised to further its leadership in the paper and packaging industry, driven by a commitment to sustainability and innovation. The integration of CPP’s assets will not only enhance ITC’s product offerings but also contribute to the company’s broader mission of creating a more sustainable and prosperous future.
Frequently Asked Questions
What is the main goal of ITC's acquisition of Century Pulp & Paper?
The main goal of ITC's acquisition of Century Pulp & Paper is to strengthen its paperboard business, enhance its sustainable manufacturing capabilities, and expand its market presence in the paper and packaging industry.
How will the acquisition benefit ITC?
The acquisition will provide ITC with advanced technology, robust manufacturing infrastructure, and access to CPP’s extensive customer base and distribution network, further solidifying its leadership in the paper and packaging sector.
What is ITC's commitment to sustainability?
ITC is committed to sustainable business practices and eco-friendly technologies. The addition of CPP’s assets will further enhance ITC’s ability to produce environmentally responsible paperboard products and contribute to the United Nations Sustainable Development Goals (SDGs).
When is the expected completion of the acquisition?
The acquisition is subject to regulatory approvals and is expected to be completed in the coming months.
How does ITC plan to leverage CPP’s assets?
ITC plans to leverage CPP’s assets to enhance its product portfolio, tap into new markets, and explore innovative applications for its paperboard products, all while maintaining a focus on sustainability and ethical business practices.
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