Mold-tek Packaging inks MoU with UK’s Vibe Generation to scale high-value closures business

Hyderabad-based Mold-Tek Packaging on Tuesday, December 2, announced that it has signed a memorandum of understanding (MoU) with UK-based Vibe Generation Holdings to commercialise advanced intellectual property for premium caps and closures used in high-value products.

As part of the MoU, Moldtek will develop moulds, manufacture components and manage the commercial rollout of Vibe Generation’s safety-enhanced, high-precision, dimension-critical closure designs.

Moldtek aims to generate about ₹250 crore in revenue over the next five years through this collaboration as the global market for such specialised closures is estimated at around $1 billion.

Vibe Generation will lead marketing and sales across Europe and the US, while Moldtek leverages its manufacturing infrastructure, in-house mould design and advanced tool-room capabilities.

The partnership also includes a mutually exclusive, non-compete structure to protect shared IP and ensure focused development.

Both companies have already shortlisted specific products and development pathways for the initial phase.

In a regulatory exchange, Moldtek said the collaboration will boost its global presence in premium closures, strengthen export revenues and reinforce its position as a high-value packaging solutions provider.

Based in Hyderabad, Moldtek is a major packaging supplier for food, FMCG, paint, and lubricant industries. Last month, the company said it is confident of achieving around 12% volume growth for FY26.

Janumahanti Lakshmana Rao, Chairman and Managing Director of Mold-Tek Packaging said, “Hopefully with the GST reduction on food and FMCG and rains now slowly coming off there should be improvement in the demand for paints and lubricants as well as for food and FMCG products. And with that, probably we can still aim at 12% overall volume growth.”

Shares of the company closed at ₹619.20 on Tuesday, which is 1.13% lower than the day's opening.

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