Dec 09, 2013. /Lesprom Network/. Alkhabeer Capital has acquired a majority shareholding in Express Publishing and Investment Limited. The acquisition marks Alkhabeer Capital Private Equity’s second transaction in the UAE’s vibrant industrial sector, as the company said in the press release received by Lesprom Network. 

"Our business has witnessed solid growth over the past two decades, Express Group is well-positioned to capitalize on the significant market opportunities that exist for our group in the coming years underpinned by the significant economic growth projected post winning Expo 2020,” said EPIL’s joint founders and owners, Abdulla Zubair Mylanchikkal and Abdul Qadir Mohamed Theruvath, “We are therefore delighted to partner with Alkhabeer Capital and we are confident that this shall be a unique lever for growing our business in the coming years.”

Express Group was founded in the UAE in 1990 and has a 20 year track record as a leading provider of corrugated and flexible packaging products. The Company consists of two businesses; the first is Express Pack Print, a leading manufacturer of corrugated packaging products for industrial use and consumer products and is the second largest corrugated packaging company in the UAE. The second is Express Flexi Pack, which manufactures a broad range of flexible packaging materials including plastic OPP labels for beverage bottles and aluminum foil lids for single-serve food products.