ProcMart Expands Packaging Capabilities with Strategic Acquisition

Image Source : The Economic Times

ProcMart, a leading B2B marketplace specializing in indirect procurement solutions, has acquired a corrugated box manufacturing facility in Aurangabad, Maharashtra. This marks the company’s first direct investment in manufacturing, aimed at strengthening its packaging capabilities and reducing reliance on third-party vendors.

Key Highlights:
- The newly acquired facility has a production capacity of 1,000 tonnes per month, with plans to scale up to 2,500 tonnes through additional investments.
- ProcMart anticipates significant growth following this expansion, projecting 100 percent year-over-year growth in the first two years and 50 to 60 percent growth in subsequent years.
- The acquisition aligns with ProcMart’s sustainability initiatives, utilizing biofuel-powered boilers to support eco-friendly operations and help clients achieve carbon neutrality.
- The facility’s strategic location in Aurangabad enables ProcMart to serve clients in the Aurangabad-Pune-Mumbai corridor, reducing delivery times and logistics costs.
- ProcMart’s expansion into packaging production establishes a blueprint for vertical integration across other product categories, positioning the company as a comprehensive procurement partner.

Sources: Economic Times, MSN India, Machine Edge Global