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Huhtamäki Oyj: Huhtamaki completed the acquisition of FIOMO

Huhtamaki completed the acquisition of FIOMO
Huhtamaki has completed the acquisition of FIOMO, a.s., a manufacturer of
flexible packaging foils and labels in the Czech Republic. With the
acquisition Huhtamaki expands its flexible packaging manufacturing footprint
in Europe and is able to offer agile high quality off-set printing
capabilities for smaller production runs for its customers.

The annual net sales of the acquired business in 2014 were approximately EUR
21 million and it employs approximately 120 people in its manufacturing unit
in the Prague area. The debt-free purchase price was approximately EUR 28
million. The business will be consolidated into the Flexible Packaging
business segment as of February 1, 2016.

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 69 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 16,700 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 Helsinki Ltd. Additional information is available at www.huhtamaki.com.


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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