# Huhtamaki to acquire 70% of South Africa's Everest Flexibles for EUR 58M

Huhtamaki agreed to acquire 70% of privately owned flexible packaging manufacturer Everest Flexibles in South Africa for an enterprise value of EUR 58 million, paid partly in cash and partly in shares.

- Type: Acquisition
- Announced: 2020-01-27
- Where: South Africa
- Value: $64.4M (58.0M EUR)
- Status: announced
- Products: flexible packaging
- Sectors: [Packaging](https://endata.com/sectors/packaging.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-extends-dominance-by-acquiring-everest-flexibles/), 2020-01-27: "The business will be acquired for an enterprise value of EUR 58 million."

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