06.05.18
Huhtamaki has completed the acquisition of Ajanta Packaging’s business in India. Ajanta Packaging is a manufacturer of pressure sensitive labels in India. The annual net sales of the acquired business are approximately €10 million and it employs 170 people.
The debt free purchase price was approximately €13 million. The business will be reported as part of the Flexible Packaging business segment as of June 1, 2018.
The debt free purchase price was approximately €13 million. The business will be reported as part of the Flexible Packaging business segment as of June 1, 2018.