Plastic packaging company Manjushree Technopack Ltd (MTL) is betting big on inorganic growth plans as the Advent International-backed firm aims to treble the revenue to around Rs 3,000 crore over the next three years.

The Bengaluru-headquartered company, which caters to multiple consumer goods companies, including Reckitt Benckiser, Procter & Gamble, Nestle, and Coca-Cola, says acquisitions will play a big role in its business expansion plan and also help it achieve revenue targets, by 2024.

“We are more aggressive than earlier, and we see the Covid-19 crisis as an opportunity to grab some businesses that make sense to us,” said Sanjay Kapote, CEO, MTL. The company is currently in talks with four businesses for possible acquisitions. The PET bottle maker is targeting Rs 1,000 crore worth of sales to come through acquisitions in the next four years.

MTL had earlier acquired Varahi Polymers in 2016 to establish a footprint in the north. Last year, the company took over National Plastics, a company, which makes dispensers and pumps, to extend its product portfolio.