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Huhtamaki completes acquisition of Ajanta Packaging

Published 05 June 2018

Finnish packaging company Huhtamaki has completed the acquisition of Indian packaging business Ajanta Packaging.

Ajanta Packaging is a manufacturer of pressure sensitive labels in India. The annual net sales of the acquired business are about €10m and it employs altogether 170 people.

The debt free purchase price was approximately €13m. The business will be reported as part of the Flexible Packaging business segment as of this June. 

Huhtamaki is a global specialist in packaging for food and drink. With our network of 78 manufacturing units and additional 24 sales only offices in altogether 35 countries, we're well placed to support our customers' growth wherever they operate.

Source: Company Press Release