Huhtamaki to acquire 70% of Everest Flexibles in South Africa

Huhtamaki agreed to acquire a 70% majority stake in privately owned flexible packaging maker Everest Flexibles in Durban, South Africa, at an enterprise value of EUR 58 million. Everest has annual net sales of about EUR 40 million and about 420 employees.

“The business will be acquired for an enterprise value of EUR 58 million.”huhtamaki.com

• 3 sources
• huhtamaki.comHuhtamaki to expand to flexible packaging manufacturing in South AfricaSep 27, 2019
• packagingnewsafrica.comHuhtamaki acquires Everest Flexibles in €58m deal - PackagingNewsAfrica.comOct 1, 2019
• packagingnews.co.ukMergers & acquisitions :: Packaging News | Page 15 of 59Nov 25, 2019

Summarized from public sources; check the original articles before acting on it.