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 Globopac (India) Private Limited, Lok Chemicals Private Limited led by a team of partner Tushar Raut, senior associate Somrita Chatterji.

Also advising was Satvik Varma.

2016-08-04

Deal value: Confidential

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