Labels

Huhtamaki gets stronger in the label business

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Huhtamaki www.huhtamaki.com has signed an agreement to purchase the Indian business and associated assets of Ajanta Packaginghttp://www.ajantapackaging.com/, a private manufacture of self-adhesive labels. The acquisition will further strengthen Huhtamaki’s label business in India, adding new printing technologies to its range and improving its capacity for innovation. The acquisition is in addition to Huhtamaki’s existing portfolio of labelling products.

The net annual sales of the business which is being purchased are around 10 million euros. Ajanta Packaging employs, overall, 170 people and has two avant-garde factories located in Daman (western India) and Baddi (northern India). The purchase price without debt is around 13 million euros. The activity will be part of the Flexible Packaging business segment.