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Industry News, Mergers and Acquisitions, Printers News

Huhtamaki Completes Acquisition of Ajanta Packaging

Ajanta Packaging is a manufacturer of pressure sensitive labels in India.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

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. 

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