Acquisitions and divestments
Acquisitions are an important part of Huhtamaki's growth strategy and Huhtamaki has completed 19 acquisitions since 2011. During this period, in total of approximately 720 million euros of annual net sales have been acquired for approximately 713 million euros.
Acquisitions add_circle_outline
| Date | Acquired Company (link to press release) |
Country | Acquiring segment | Net sales, MEUR | Personnel |
|---|---|---|---|---|---|
| Jan 2020 | Mohan Mutha Polytech, assets and operations | India | Flexible Packaging | 9 | 160 |
| Dec 2019 | Everest Flexibles (70% ownership of business) | South Africa | Flexible Packaging | 40 | 460 |
| June 2018 | Ajanta Packaging, business in India | India | Flexible Packaging | 10 | 170 |
| May 2018 | CupPrint (70% ownership) | Republic of Ireland | Foodservice E-A-O | 14 | 110 |
| Apr 2018 | Tailored Packaging (65% ownership) | Australia | Foodservice E-A-O | 85 | 130 |
| Sep 2017 | 2 foodservice packaging manufacturing units (from International Paper) | China | Foodservice E-A-O | 19 | 200 |
| Jul 2016 | Val Pack Solutions Private Ltd. | India | Foodservice E-A-O | 4 | 100 |
| May 2016 | Delta Print and Packaging Ltd. | U.K. | Foodservice E-A-O | 70 | 300 |
| March 2016 | Arabian Paper Products Company (JV expansion) | Saudi Arabia | Foodservice E-A-O | 24 | N/A |
| Feb 2016 | FIOMO | Czech Republic | Flexible Packaging | 21 | 120 |
| Jul 2015 | Pure-Stat Technologies, Inc. | U.S. | North America | - | 12 |
| Apr 2015 | Butterworth Paper Cups | Malaysia | Foodservice E-A-O | 8 | 120 |
| Jan 2015 | Positive Packaging | India | Flexible Packaging | 220 | 2,500 |
| Aug 2014 | Interpac Packaging Ltd. | New Zealand | Foodservice E-A-O | 11 | 85 |
| Nov 2013 | BCP Fluted Packaging Ltd. | U.K. | Foodservice E-A-O | 18 | 120 |
| Nov 2012 | Webtech Labels Private Ltd. | India | Flexible Packaging | 10 | - |
| Aug 2012 | Winterfield, LLC | U.S. | North America | 23 | 100 |
| Apr 2012 | Josco (Holdings) Ltd. | China | Foodservice E-A-O | 70 | 1,350 |
| Nov 2011 | Ample Industries, Inc. | U.S. | North America | 45 | 230 |
| Sep 2011 | Paris Packaging, Inc. | U.S. | North America | 43 | 300 |
Divestments add_circle_outline
| Date | Divested business (link to press release) |
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 |