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Huhtamäki Oyj: Huhtamaki completed the acquisition of Butterworth Paper Cups


Huhtamaki completed the acquisition of Butterworth Paper Cups
Huhtamaki has completed the acquisition of Butterworth Paper Cups Sdn Bhd, a
privately owned paper cup and foodservice packaging manufacturer in Malaysia.
With the acquisition Huhtamaki expands its foodservice manufacturing
footprint to Southeast Asia and significantly strengthens its presence and
capability to serve customers in Malaysia, Singapore and other regional
Southeast Asian markets. The purchase price of approximately EUR 8 million
approximately corresponds with the annual net sales of the business. The
company employs approximately 120 people in its manufacturing unit in Penang,
Malaysia. The business will be consolidated into the Foodservice
Europe-Asia-Oceania business segment as of April 1, 2015.

For further information, please contact
Thomas Geust, CFO, tel. +358 10 686 7880
Kaisa Uurasmaa, Manager, Investor relations, tel. +358 10 686 7815

Group Communications

Huhtamaki is a global specialist in packaging for food and drink. With our
network of 68 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 16,400 employees
develop and make packaging that helps great products reach more people, more
easily. In 2014 our net sales totaled EUR 2.2 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


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Huhtamäki Oyj via Globenewswire


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