Huhtamäki buys Indian label firm
Norwegian flexible packaging firm Huhtamäki Oyj’s subsidiary in India has acquired 51% equity of privately held Webtech Labels for EUR7 million. Webtech Labels specialises in manufacturing high-end pressure sensitive labels, especially for pharmaceutical customers. The annual net sales of the company are EUR10 million. The firm says the acquisition complements its flexible packaging product portfolio.
(PRA)