Huhtamaki to acquire a flexible packaging manufacturer in the Czech Republic
(Thomson Reuters ONE) -
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 23.12.2015 AT 15:05
Huhtamaki to acquire a flexible packaging manufacturer in the Czech Republic
Huhtamäki Oyj''s subsidiary has entered into an agreement to acquire FIOMO, a.s.,
a privately owned manufacturer of flexible packaging foils and labels in the
Czech Republic. With the acquisition Huhtamaki expands its flexible packaging
manufacturing footprint to Eastern Europe and is able to offer agile high
quality off-set printing capabilities for smaller production runs for its
customers in Europe.
"I am pleased to announce this addition in our flexible packaging manufacturing
network," says Olli Koponen, Executive Vice President, Flexible Packaging.
"European flexible packaging market is experiencing a positive momentum, with
increasing versatility in customers'' needs. FIOMO''s manufacturing capabilities
complement our offering and ensure better resourcing and faster response when
serving our customers across Europe."
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 is approximately EUR 28 million. The
unit will become part of Huhtamaki''s Flexible Packaging business segment.
The transaction is expected to be finalized in early 2016.
For further information, please contact:
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 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 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
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Datum: 23.12.2015 - 08:06 Uhr
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