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

Huhtamaki, a Finland-based global specialist in packaging for food and drink, recently 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 altogether 170 people.

The debt free purchase price was approximately 13 million. The business was reported as part of the Flexible Packaging business segment as of June 1, 2018.

The acquisition further strengthened the company's labeling business in India by adding new printing technologies into its offering as well as improving its innovation capability.

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