Hotpack Buys Dubai-Based Al Huraiz Packaging
Food packaging manufacturer Hotpack Global has acquired Al Huraiz Packaging Industry (AHP), a leading corrugated carton manufacturer in the UAE. Located in the Dubai Investment Park, AHP is one of the most technically advanced packaging plants for corrugated carton products in the UAE.
Hotpack is a packaging products manufacturer said to have the world’s largest exclusive retail network. Following the acquisition, Hotpack Global will assume complete control of the operations of AHP and the business will be renamed to Hotpack Packaging Industries LLC.
Abdul Jebbar PB, group managing director of Hotpack Global, said, “The acquisition will not only benefit us logistically, as it supports the internal requirements of Hotpack but also adds a new portfolio of products to our offerings. This is a strategic and significant step in our pursuit of achieving vision 2030, which is to become the world’s largest packaging manufacturer.”
“We will continue to invest in enhancing our production and supply chain capabilities with an emphasis on technology and sustainability. To achieve this, we have invested AED 100 million in Al Huraiz Packaging to double our production capacity in this plant and to diversify our product portfolio,” he added.
Zainudeen PB, group executive director of Hotpack Global said, “The new facility will be Hotpack’s 14th manufacturing plant across the globe. Hotpack’s vision for the future envisages increasing its market share in our home market, which is the GCC. Our forward integration initiatives and retail chain developments augment the expansion of manufacturing operations.”
“One of the immediate additions will be the introduction of product and service lines such as micro flute and high-definition offset printing, which will elevate the visual appeal of customer brands. Our production capacity will be multiplied with the addition of high-accuracy die-cutting machines,” he added.
Recently, Hotpack Global celebrated its successful journey of 27 years in the packaging industry. The company has over 3,500 products in its portfolio and specializes in products from paper, plastic, aluminum, wood, and biodegradable materials. The company serves 25,000 international and local brands across 13 countries and has 3,300 employees. The company also exports its products to over 100 countries around the world.
AHP has been an industry major with an impressive clientele — including medium as well as large multinational corporations — to its credit and exported its products to customers across the GCC and North Africa.