Huhtamaki has completed the acquisition of the assets and operations of Mohan Mutha Polytech
January 10, 2020
FINLAND (News release) -- Huhtamaki has completed the acquisition of the assets and operations of Mohan Mutha Polytech Private Limited (MMPPL), a privately-owned flexible packaging manufacturer located in Sri City, Andhra Pradesh, India. MMPPL has approximately 160 employees and its net sales in 2018 were approximately EUR 9 million. The debt-free purchase price was approximately EUR 10 million.
The business will be reported as part of the Flexible Packaging business segment as of January 10, 2020.