# 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.

- Type: Acquisition
- Announced: 2019-11-14
- Where: Durban, South Africa
- Value: $64.0M (58.0M EUR)
- Status: announced
- Products: flexible packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Huhtamaki](https://endata.com/companies/909.md) (acquirer)
- [Everest Flexibles](https://endata.com/companies/5594.md) (target)

## Sources

- [packagingmea.com](https://www.packagingmea.com/huhtamaki-to-expand-to-flexible-packaging-manufacturing-in-sa/), 2019-11-14: "The business will be acquired for an enterprise value of EUR 58 million."
- [news.cision.com](https://news.cision.com/huhtamaki-oyj/r/huhtamaki-has-completed-the-acquisition-of-the-majority-of-the-business-of-everest-flexibles,c4410949), 2019-12-18: "Huhtamaki has completed the acquisition of the majority of the business of Everest Flexibles (Pty) Limited, a privately-owned flexible packaging manufacturer in South Africa."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.