Huhtamaki, a global food packaging specialist, agreed to acquire Elif Holding, a major supplier of sustainable flexible packaging to global FMCG brand owners, for $483m. "I am thrilled to announce this acquisition. With a great portfolio, a strong focus on sustainability and high growth ambitions, Elif is a perfect fit for Huhtamaki. We are impressed by Elif’s focus on its customers with decades of strategic partnerships with blue-chip multinational companies who are leaders in their field and Elif’s strong and capable leadership team," Charles Héaulmé, Huhtamaki President and CEO.