The acquisition, which follows the recent integration of ICM Packaging, is part of Positive's vision to become its customers' preferred supplier, and provides the company with new label packaging equipment and infrastructure.
Positive Packaging group managing director Pranesh Kankanwadi said: "We have observed the increased scope of requirements of our customers, who prefer to deal with a single supplier for a wider range of their packaging requirements. One of the requirements is labels. Being prompt to react to our customers' needs, we clinched the opportunity to provide superior labelling solutions at par with global standards that Positive is known for."
The investments are said to emphasise Positive's commitment to stakeholders to grow in a manner that is mutually beneficial.
Bangalore-based SGRE currently uses European machines, with additional equipment set to be installed in March 2013.
In order to hasten the turnaround of short-run jobs and product sampling, SGRE is equipped with HP Indigo digital printing / converting equipment.
The company manufactures self-adhesive labels for the manufacturing, telecom, IT, apparel, pharma, FMCG and retail sectors.
Positive Packaging, a part of the Enpee Group, which has manufacturing facilities in India, Nigeria and UAE, serves as a one-stop-source for printed and laminated barrier-grade flexible packaging.
