Huhtamaki has sold its confectionary trademark portfolio
HUHTAMÄKI OYJ PRESS RELEASE 30.4.2018 AT 09:00
Huhtamaki has sold its confectionary trademark portfolio
Huhtamaki has sold its confectionary trademark portfolio to Highlander Partners, a US based investment firm. Related to the sale, an after taxes gain of approximately USD 16 million will be booked as an item affecting comparability (IAC) during the second quarter of 2018.
The sold trademark portfolio was related to Huhtamaki's confectionary business divested in 1996.
Investment bank Fredericks Michael & Co served as the financial advisor to Huhtamaki.
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 76 manufacturing units and additional 24 sales only offices in altogether 34 countries, we're well placed to support our customers' growth wherever they operate. Mastering three distinctive packaging technologies, approximately 17,600 employees develop and make packaging that helps great products reach more people, more easily. In 2017 our net sales totaled EUR 3.0 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.