Huhtamaki sells expanded polystyrene packaging business in Australia
"This transaction supports the execution of our strategic review of rigid plastic consumer goods operations", says Huhtamäki Oyj's CEO Jukka Moisio. "We will continue to review our remaining rigid plastic consumer goods operations in Europe and Australia."
Following the divestment, Huhtamaki has production at five sites in Australia. The sites in Bankstown, Wacol and Mulgrave serve the rigid plastic consumer goods market. Rigid paper and plastic packaging production in Windsor serving the local foodservice market and rough molded fiber packaging production in Preston continue to support Huhtamaki's strategic focus areas.
For further information, please contact:
Ms. Kia Aejmelaeus, Head of Investor Relations, Tel. +358 (0)10 686 7819