Hotpack Global, the Dubai-based largest food packaging manufacturer, has acquired Al Huraiz Packaging Industry (AHP), a leading corrugated carton manufacturer in the UAE.
Located in Dubai Investment Park (DIP), AHP is a state-of-the-art facility that is one of the most technically advanced packaging plants for corrugated carton products in the region.
Following the acquisition, Hotpack Global will assume complete control of the operations of AHP and the business will be renamed Hotpack Packaging Industries LLC.
“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 further invested $27 million in Al Huraiz Packaging to double our production capacity in this plant and to diversify our product portfolio.”.”
Recently, Hotpack Global celebrated its successful journey of 27 years in the industry. It 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. It also exports 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.
Related: UAE’s Multiply Group acquires majority stake in International Energy Holding