Huhtamaki completes acquisition of Ajanta Packaging

Huhtamaki strengthens its labels business


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 EUR 10 million and it employs altogether 170 people. The debt-free purchase price was approximately EUR 13 million. The business will be reported as part of the flexible packaging business segment as of 1 June 2018.