Huhtamaki PPL has completed the acquisition of 100% of the shares of Positive Packaging Industries, India. This is in accordance with the Share Purchase Agreement dated, July 08, 2014.

Positive Packaging Industries, India is a flexible packaging company with an annual turnover of approximately Rs 1,000 crore.

Huhtamaki PPL is a leading consumer packaging company in India. The company offers a wide portfolio of packaging solutions that includes flexible packaging, labeling technologies and specialized cartons.

Source:http://money.livemint.com/