Acquisitions and divestments

Acquisitions are an important part of Huhtamaki's growth strategy and Huhtamaki has completed 17 acquisitions since 2011. In total, approximately 657 million euros of annual net sales have been acquired for 653 million euros.

 

Acquisitions add_circle_outline
Date Acquired Company Country Acquiring segment Net sales, MEUR Enterprise value, MEUR
June 2018 Ajanta Packaging, business in India India Flexible Packaging 10 13
May 2018 CupPrint (70% ownership) Republic of Ireland Foodservice E-A-O 14 22
Apr 2018 Tailored Packaging (65% ownership) Australia Foodservice E-A-O 85 35
Sep 2017 2 foodservice packaging manufacturing units (from International Paper) China Foodservice E-A-O 19 15
Jul 2016 Val Pack Solutions Private Ltd. India Foodservice E-A-O 4 2
May 2016 Delta Print and Packaging Ltd. U.K. Foodservice E-A-O 70 103
Feb 2016 FIOMO Czech Republic Flexible Packaging 21 28
Jul 2015 Pure-Stat Technologies, Inc. U.S. North America - 6
Apr 2015 Butterworth Paper Cups Malaysia Foodservice E-A-O 8 8
Jan 2015 Positive Packaging India Flexible Packaging 220 284
Aug 2014 Interpac Packaging Ltd. New Zealand Foodservice E-A-O 11 7
Nov 2013 BCP Fluted Packaging Ltd. U.K. Foodservice E-A-O 18 20
Nov 2012 Webtech Labels Private Ltd. India Flexible Packaging 10 7
Aug 2012 Winterfield, LLC U.S. North America 23 12
Apr 2012 Josco (Holdings) Ltd. China Foodservice E-A-O 70 67
Nov 2011 Ample Industries, Inc. U.S. North America 45 23
Sep 2011 Paris Packaging, Inc. U.S. North America 43 23

 

Divestments add_circle_outline
Date Divested business Country Divesting business segment Net sales,
MEUR
Selling price, MEUR
Dec 2014 Films business segment Brazil, Germany, Thailand, USA   187 141
Oct 2013 Italian rigid plastic manufacturing operations Italy Foodservice E-A-O 50 5
Jun 2013 Close down of foodservice packaging manufacturing operations Norway Foodservice E-A-O n/a n/a
Aug 2011 Close down of flexible packaging manufacturing operations New Zealand Flexible Packaging n/a n/a
Sep 2010 European rigid plastic consumer goods packaging operations Europe Foodservice E-A-O 160 52
Nov 2009 Australian rigid plastic consumer goods packaging operations Australia   50 33
Aug 2009 South African rigid plastic consumer goods packaging operations South Africa   5 n/a
Jul 2009 South American rigid plastic consumer goods packaging operations Brazil, Argentina   60 30
Jun 2009 Expanded polystyrene packaging manufacturing operations Australia   7 5
Mar 2009 Release paper business Germany Films 30 n/a
Nov 2008 Close down of rigid plastic manufacturing operations in Phoenix U.S.   n/a n/a
Nov 2008 Close down of flexible packaging operations in Malvern U.S.   n/a n/a
Apr 2008 Close down of rigid plastic consumer goods packaging manufacturing operations U.K.   n/a n/a