Finland’s Huhtamaki acquires Turkey’s flexible packaging giant Elif

FINLAND – Huhtamaki Oyj, a key global provider of sustainable packaging solutions, has underpinned its leadership position in emerging markets with the acquisition of Elif Holding A.S., leader in sustainable flexible packaging in Europe, Middle East and Africa, serving major global brand owners. With this acquisition, Huhtamaki strengthens its existing flexible packaging business in attractive consumer product categories. Huhtamaki will acquire Elif for a cash free debt free purchase price of EUR 412 million (US$ 483 million). The business will become part of Huhtamaki’s Flexible Packaging business segment. To back…

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