# Huhtamaki acquires flexible packaging supplier Elif for GBP 350M

Huhtamaki is acquiring Elif, a Turkey and Egypt based supplier of sustainable flexible packaging, for GBP 350 million, expanding its flexible packaging footprint into Turkey.

- Type: Acquisition
- Announced: 2021-08-16
- Where: Istanbul and Cairo, Türkiye
- Value: $483.0M (350.0M GBP)
- Jobs: 1,500
- Status: announced
- Capacity: net sales approximately EUR 163 million in 2020
- Products: sustainable flexible packaging, recyclable and compostable films
- 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)
- [Elif](https://endata.com/companies/8278.md) (target)

## Sources

- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/business/mergers-acquisitions/huhtamaki-acquires-flexible-packaging-supplier-elif-350m-16-08-2021), 2021-08-16: "Huhtamaki reinforces its leadership position in emerging markets with the acquisition of Elif, a major supplier of sustainable flexible packaging to global FMGC brand owners."
- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/business/mergers-acquisitions/page/11), 2021-09-15: "Huhtamaki reinforces its leadership position in emerging markets with the acquisition of Elif, a major supplier of sustainable flexible packaging"
- [globenewswire.com](https://www.globenewswire.com/news-release/2021/09/23/2302395/0/en/Huhtamaki-completes-the-acquisition-of-Elif-a-major-supplier-of-sustainable-flexible-packaging-to-global-brand-owners.html), 2021-09-23: "Huhtamaki has completed the acquisition of Elif Holding A.Ş. (Elif)"
- [yumda.com](https://www.yumda.com/en/news/flexible-packaging/order_t/), 2022-10-25: "Huhtamaki has entered into an agreement to acquire Elif Holding A.Ş. (Elif), a major supplier of sustainable flexible packaging to global FMCG brand owners."

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