Huhtamaki enters the folding carton packaging business in Europe
(Thomson Reuters ONE) -
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 19.5.2016 AT 16:05
Huhtamaki enters the folding carton packaging business in Europe
Huhtamaki has acquired Delta Print and Packaging Limited ("Delta"), a privately
held folding carton packaging manufacturer based in Belfast, Northern Ireland,
and its affiliated Polish unit European Packaging Solutions Poland Sp. Z o.o.
with a new manufacturing unit in Gliwice, Poland. With the acquisition Huhtamaki
continues to implement its growth strategy focused on food and drink packaging
and enters the folding carton packaging market also in Europe. "I am very
pleased to announce this acquisition," says Jukka Moisio, CEO of Huhtamäki Oyj.
"Delta is a perfect addition to our operations in Europe. Their technology is
world-class, product range is complementary to our existing foodservice
packaging portfolio in Europe and the company is geared for growth."
Delta is specialized in bespoke printed folding carton packaging for the UK and
European foodservice, packaged food and retail markets. The net sales of the
company for the year 2016 are expected to be approximately EUR 70 million and it
employs altogether approximately 300 employees in its two manufacturing units.
The debt free purchase price was GBP 80 million (approximately EUR 103 million).
The business will become part of Huhtamaki's Foodservice Europe-Asia-Oceania
business segment as of May 2016.
"With Delta we are able to serve our European customers even better and offer
them a fuller range of paperboard packaging solutions," says Eric Le Lay,
Executive Vice President, Foodservice Europe-Asia-Oceania. "We're excited to
enter the folding carton packaging business also in Europe," he continues. "The
acquisition strengthens our offering for the specialty coffee and QSR segments
and gives us significant new opportunities in the packaged food market."
For further information, please contact:
Thomas Geust, CFO, tel. +358 10 686 7880
Jukka Moisio, CEO, tel. +358 10 686 7801
HUHTAMÄKI OYJ
Group Communications
Huhtamaki is a global specialist in packaging for food and drink. With our
network of 73 manufacturing units and 23 sales offices in 34 countries, we're
well placed to support our customers' growth wherever they operate. Mastering
three distinctive packaging technologies, approximately 16,000 employees develop
and make packaging that helps great products reach more people, more easily. In
2015 our net sales totaled EUR 2.7 billion. The Group has its head office in
Espoo, Finland and the parent company Huhtamäki Oyj is listed on Nasdaq 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#2013850]
Unternehmensinformation / Kurzprofil:
Datum: 19.05.2016 - 15:05 Uhr
Sprache: Deutsch
News-ID 472379
Anzahl Zeichen: 3476
contact information:
Town:
Espoo
Kategorie:
Business News
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