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 Euro 9 million. The debt-free purchase price was approximately Euro 10 million.
The business reported as part of the Flexible Packaging business segment as of January 10, 2020.
Huhtamaki is a global specialist in packaging for food and drink.