03.23.18
Huhtamaki has entered into an agreement to acquire the Indian business and related assets of Ajanta Packaging, a privately owned manufacturer of pressure sensitive labels.
The annual net sales of the business to be acquired are approximately €10 million. It employs altogether 170 people and has two state of the art manufacturing facilities located in Daman (West India) and Baddi (North India). The debt free purchase price is approximately €13 million. The transaction is expected to be closed at the end of April 2018. The business will become part of the Flexible Packaging business segment.
The annual net sales of the business to be acquired are approximately €10 million. It employs altogether 170 people and has two state of the art manufacturing facilities located in Daman (West India) and Baddi (North India). The debt free purchase price is approximately €13 million. The transaction is expected to be closed at the end of April 2018. The business will become part of the Flexible Packaging business segment.