B2B e-commerce platform Moglix on Thursday announced the acquisition of paper manufacturing company Khatema Fibers for Rs 80 crore and said it would help the platform expand its product portfolio and accelerate its growth .

The company also said it was looking to expand into five new manufacturing categories as part of its business growth plans. The addition of Khatema Fibers expands the company’s product portfolio, strengthening its market position and operational efficiency.

This acquisition complements Moglix’s recent launch of Next Day Delivery in over 12 cities, which will soon be expanded to 40 cities to meet the evolving needs of the B2B segment, according to a release. The total transaction amount is Rs 80 crore, he said.

Established in 1990 at Khatema (Uttrakhand), Khatema Fibers specializes in manufacturing sustainable paper with an annual capacity of 50,000 metric tons with a diverse range of products including high strength specialty kraft paper, interleaving paper, paper machine glazed and finished, various fabric options, blank test liners and food grade packaging solution, among others.

“This acquisition not only expands our manufacturing footprint, but also allows us to deliver even greater value while meeting dynamic market demands,” said Rahul Garg, founder and CEO of Moglix.

The Khatema factory has the potential to produce up to 75,000 tonnes, a target Moglix is ​​determined to achieve by driving growth in the manufacturing sector, he said.

The e-commerce platform said it offers over 700,000 industrial items, manages over 19,000 PINs across the country, and supports over 1,000 major manufacturers and over 3,000 factories.