Huhtamäki Oyj acquires a folded carton packaging manufacturer in New Zealand
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 29.8.2014 AT 8:30Huhtamäki Oyj acquires a folded carton packaging manufacturer in New Zealand
Huhtamaki has acquired Interpac Packaging Limited based in Auckland, New Zealand. Interpac manufactures folded carton packaging for the fast-moving consumer goods and retail products as well as the foodservice market in New Zealand. It also manufactures corrugated protective packaging for the local wine industry. The company employs 85 people. With the acquisition Huhtamaki continues to implement its strategy of quality growth and to expand its product offering.
All shares of the privately owned Interpac Packaging Limited were acquired for a purchase price of approximately EUR 7 million. The annual net sales of the acquired business are approximately EUR 11 million. The acquired unit will become part of Huhtamaki's Foodservice Europe-Asia-Oceania business segment.
For further information, please contact:
Jukka Moisio, CEO, tel. +358 10 686 7801
Thomas Geust, CFO, tel. +358 10 686 7880
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging with 2013 net sales totaling EUR 2.3 billion. Foodservice and consumer goods markets are served by approximately 14,700 people in 61 manufacturing units and several sales offices in 30 countries. The parent company, Huhtamäki Oyj, has its head office in Espoo, Finland and its share is quoted on NASDAQ OMX Helsinki Ltd. Additional information is available at www.huhtamaki.com.