Bli medlem
Bli medlem

Du är här

2016-05-19

Huhtamäki Oyj: Huhtamaki enters the folding carton packaging business in Europe

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 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

HUG#2013850

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.