Huhtamaki adds manufacturing capacity in India

The acquisition allows Huhtamaki to speed up its growth in India by improving its capability to serve customers in the south of the country.

 

MMPPL has around 160 employees and its net sales in 2018 were approximately 9 million euros. The business will be consolidated into the Group’s flexible packaging business in India. The debt-free purchase price is approximately 10 million euros. The transaction is expected to be closed by the end of 2019.