Huhtamaki has completed the acquisition of Ajanta Packaging’s business in India. Ajanta Packaging is a manufacturer of pressure sensitive labels in India. The annual net sales of the acquired business are approximately EUR 10 million and it employs altogether 170 people. The debt free purchase price was approximately EUR 13 million. The business will be reported as part of the Flexible Packaging business segment as of June 1, 2018.
http://www.huhtamaki.com/-/huhtamaki-has-completed-the-acquisition-of-ajanta-packaging
Related Posts
The Supplier Innovation Award celebrates partners who deliver creative, value-driven solutions that extend beyond contractual obligations. Greif earned this distinction for its part in introducing a custom double-walled corrugated pallet box to replace traditional USPS bulk containers. Manufactured with renewable and recyclable materials, the new lighter-weight box is projected to deliver substantial cost reductions to the USPS—and savings to U.S. taxpayers. "Being recognized by the USPS, one of the nation’s most critical public service organizations, is an incredible honor," said Chris Zimmerman, VP of Sales for Greif’s Containerboard and Corrugated business unit. " This award is a testament to the ingenuity, dedication, and unmatched expertise of our entire team, from our mills and corrugated plants to our service and technical teams. We are proud of the value we are delivering to the U.S. Postal Service and what it means for our colleagues and shareholders.” USPS highlighted Greif’s extensive geographic coverage, reliable on-time delivery, product quality, and forward-thinking cost-saving initiatives as key factors contributing to its selection for the award.
American Packaging Corporation (APC), a leader in flexible packaging solutions, announced Ray Graham has transitioned to the role of Chief Executive Officer and President of American Packaging. This is part of APC's leadership transition plan announced in December 2023 that included, effective January 1, 2025, the following leadership changes: *Jeff Koch, former CEO, retired on December 31, 2024, and joined APC's board of directors. *Ray Graham, APC President, is now CEO and President. "As I step into the role of CEO, I am excited about the future of American Packaging and the unlimited potential for our business," Ray Graham said. "I will continue to engage with our valued customers, strategic suppliers, and most importantly our employees, who are the most talented, results oriented team of professionals in the flexible packaging industry. As a family-owned business, APC is unmatched in our continuous investment in capital equipment, technologies, and talented people, that ensure our customers and our future customers that we are the best supplier to partner with them to achieve their packaging goals."
As one of the policies under the EU Green Deal, the European Commission in November 2022 proposed a new regulation on packaging and packaging waste (PPWR) that will repeal the present directive (PPWD). One of the objectives is to make all packaging in the EU market recyclable in an economically viable way by 2030. But already now recyclable packaging is being encouraged through the implementation of eco-modulated fees in the different national Extended Producer Responsibility (EPR) schemes. Sign up for the webinar at: https://triowor.webinargeek.com/how-to-ensure-recyclability-in-your-value-chain Key takeaways: After watching this webinar, you will have the latest updates regarding recyclability in the coming Packaging and Packaging Waste Regulation and you will be aware of the standards that are being developed by request from the European Commission to support the regulation. You will also understand the difference between “design for recycling” and “recyclable” and know the coming steps in the legislation process and how it might affect your business. You will have seen concrete examples of adjustments made in flexible plastic packaging to meet coming EU legislation as well as requirements from national EPR schemes.