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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.
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.
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.
