Extract from M&A Insights

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Huhtamaki in talks to acquire Indian Essel Propack
September 27, 2018

Essel Propack Ltd, which is part of the USD 4.2bn Essel Group, are in preliminary talks to sell a controlling stake in the company, said two people directly involved in the deal. “The talks are at an early stage with two foreign packaging companies, including Amcor Ltd and Huhtamaki Oyj. Essel Propack is the largest specialty packaging manufacturer of laminated plastic tubes catering to the fast-moving consumer goods and pharma sectors. Its FY17 turnover was at over USD 368m. The acquisition talks are not confirmed by Huthamaki.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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