Huhtamaki to acquire majority of South African flexible packaging maker Everest Flexibles

Huhtamaki agreed to acquire 70% of Everest Flexibles, a private flexible packaging manufacturer in Durban, South Africa, at an enterprise value of EUR 58 million. Sellers will hold 30% of Huhtamaki's South African activities through a joint venture; completion is subject to competition approval.

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

• 2 sources
• packagingmea.comHuhtamaki to expand to flexible packaging manufacturing in SA - Packaging MEANov 14, 2019
• news.cision.comHuhtamaki has completed the acquisition of the majority of the business of Everest Flexibles - Huhtamäki OyjDec 18, 2019

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