10 January 2020 | News
Huhtamaki has completed the acquisition of the assets and operations of Mohan Mutha Polytech
image credit- mmpolytech.com
Finland headquartered company Huhtamaki, a global specialist in packaging for food and drink, 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.