Huhtamaki acquires Mohan Mutha Polytech for EUR 10M

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

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.