Finnish packaging firm Huhtamaki has entered the growing foodservice packaging market in India by acquiring 51 percent of Val Pack Solutions Private Limited, a privately held paper cup manufacturer based in Mumbai, for approximately Euro 2 million (about Rs 15 crores). The business will become part of Huhtamaki’s Foodservice Europe-Asia-Oceania business segment.
— Business Standard
Veritas Legal advised
Also advising was Satvik Varma.
2016-08-04
Deal value: Confidential
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