Huhtamäki Oyj completed the acquisition of Positive Packaging
(Thomson Reuters ONE) -
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 30.1.2015 AT 12:30
Huhtamäki Oyj completed the acquisition of Positive Packaging
Huhtamaki has completed the acquisition of Positive Packaging, a flexible
packaging company with nine manufacturing facilities in India and the United
Arab Emirates as well as significant business in Africa and other export
markets. With the acquisition Huhtamaki continued to implement its strategy of
quality growth and significantly strengthens its position in the fast-growing
emerging markets. The annual net sales of the acquired business are
approximately EUR 220 million and it employs approximately 2,500 people in India
and UAE as well as in sales offices in seven countries. The debt free purchase
price was USD 336 million. The business will be consolidated into the Flexible
Packaging business segment as of February 1, 2015.
For further information, please contact:
Jukka Moisio, CEO, tel. +358 10 686 7801
Thomas Geust, CFO, tel. +358 10 686 7880
HUHTAMÄKI OYJ
Group Communications
Huhtamaki is a global specialist in packaging for food and drink. With our
network of 58 manufacturing units and 18 sales offices in 30 countries, we're
well placed to support our customers' growth wherever they operate. Mastering
three distinctive packaging technologies, approximately 13,800 employees develop
and make packaging that helps great products reach more people, more easily. In
2013 our net sales totaled EUR 2.3 billion. The Group has its head office in
Espoo, Finland and the parent company Huhtamäki Oyj is listed on NASDAQ OMX
Helsinki Ltd. Additional information is available at www.huhtamaki.com.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Huhtamäki Oyj via GlobeNewswire
[HUG#1890627]
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Datum: 30.01.2015 - 11:30 Uhr
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