M&A Deal Summary

Huhtamaki Acquires Elif

On August 16, 2021, Huhtamaki acquired packaging company Elif from Turkven

Acquisition Highlights
  • This is Huhtamaki’s 14th transaction in the Packaging sector.
  • This is Huhtamaki’s 1st transaction in Turkey.

M&A Deal Summary
Date 2021-08-16
Target Elif
Sector Packaging
Buyer(s) Huhtamaki
Sellers(s) Turkven
Deal Type Add-on Acquisition

Target

Elif

Istanbul, Turkey
Elif is a personal and home care flexible packaging manufacturer. Elif serves a multinational customer base in more than 50 countries across the DACH, CEE, and North Africa regions. Elif was founded in 1972 and is based in Istanbul, Turkey.

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Buyer(S) 1

Buyer

Huhtamaki

Espoo, Finland
Category Company
Founded 1920
Sector Packaging
Employees17,868
Revenue 4.2B EUR (2023)
DESCRIPTION

Huhtamaki is a manufacturer of consumer and specialty packaging. Huhtamaki was founded in 1920 and is based in Espoo, Finland.

DEAL STATS #
Overall 14 of 14
Sector (Packaging) 14 of 14
Type (Add-on Acquisition) 12 of 12
Country (Turkey) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-22 Val Pack Solutions Pvt.

Mumbai, India

Val Pack Solutions Pvt. Ltd. is a supplier of a comprehensive range of paper cups: Cold cups, Hot Cups, Ripple Cups, Ice-Cream Cups, and Lids from small to large sizes for both domestic and international market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-21 Ample Labels

Nixa, Missouri, United States

Ample Labels is a digital and flexographic printer for regional and national customers in the food, health, personal care, industrial, pharmaceutical, and beverage segments. Ample Labels has focused on providing exceptional service for customers requiring custom flexographic and digital label printing, state-of-the-art finishing technology, label design, direct thermal printing, flexible packaging, and promotional label solutions. Ample Labels was founded in 1968 and is based in Nixa, Missouri.

Sell -

Seller(S) 1

SELLER

Turkven

Istanbul, Turkey

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
Size Large
Type Sector Agnostic
DESCRIPTION

Turkven is an independent private equity firm targeting opportunities throughout Turkey. Turkven looks for situations requiring buyout, expansion and refinancing capital and will consider majority or minority investment positions. Prospective companies typically generate sales of $30 to $500 million. The Firm does not have any sector preferences. Turkven was formed in 2000 and is based in Istanbul.

DEAL STATS #
Overall 11 of 11
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 5 of 5
Country (Turkey) 11 of 11
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 Elif

Istanbul, Turkey

Elif is a personal and home care flexible packaging manufacturer. Elif serves a multinational customer base in more than 50 countries across the DACH, CEE, and North Africa regions. Elif was founded in 1972 and is based in Istanbul, Turkey.

Buy -
Mergr

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