Feb 04, 2015. /Lesprom Network/. Huhtamaki has completed the acquisition of Positive Packaging, a flexible packaging company with nine manufacturing facilities in India and the United Arab Emirates as well as significant business in Africa and other export markets.

With the acquisition Huhtamaki continued to implement its strategy of quality growth and significantly strengthens its position in the fast-growing emerging markets. The annual net sales of the acquired business are approximately Euro 220 million and it employs approximately 2,500 people in India and UAE as well as in sales offices in seven countries.

The debt free purchase price was $336 million. The business consolidated into the Flexible Packaging business segment as of February 1, 2015.

Huhtamaki is a global specialist in packaging for food and drink.