Nuffoods Spectrum India

Huhtamaki acquires Mohan Mutha Polytech for EUR 10M

10 January 2020 | News

Huhtamaki has completed the acquisition of the assets and operations of Mohan Mutha Polytech

image credit- mmpolytech.com

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.

 

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