Ispahani Group, one of the prominent business conglomerates in Bangladesh, recently made a significant investment to acquire a minority stake in Tampaco Foils Limited, a subsidiary of the well-known packaging company, Tampaco Group.
The official agreement sealing this partnership was signed on October 3rd at the head office of UCB Investment Ltd in Dhaka, as announced in a press release.
Tampaco Foils Ltd has been running since 1978 specialising in flexible packaging for various industries.
Ispahani Group, Chairman, Mirza Salman Ispahani expressed his optimism, saying that they were committed to supporting Tampaco to develop world-class sustainable packaging solutions.
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Safius Sami Alamgir, managing director of Tampaco Group and president of Bangladesh Flexible Packaging Industries Association, said the investment would provide the means for expansion.
