Industry News

Huhtamaki Acquires Ajanta, a Manufacturer of Pressure Sensitive Labels

Published on 2018-06-06. Author : SpecialChem

Huhtamaki has completed the acquisition of Ajanta Packaging's business in India.


10 Million Euro Investment

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 June 1, 2018.

Source: Huhtamaki
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