Huhtamäki Oyj completed the acquisition of Josco, a major foodservice packaging supplier in Asia
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 2.4.2012 AT 14:00
Huhtamaki has completed the acquisition of Josco (Holdings) Limited ("Josco"). With the acquisition Huhtamaki continued to implement its strategy of quality growth and significantly strengthens its position as a global provider of high quality foodservice packaging products. Josco's net sales in 2011 were approximately EUR 70 million and it employs approximately 1,350 people in China and Hong Kong. The acquired business will be consolidated into the Foodservice Europe-Asia-Oceania segment as of April 1, 2012.
For further information, please contact:
Timo Salonen, CFO, tel. +358 10 686 7880
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging with 2011 net sales totaling EUR 2 billion. Foodservice and consumer goods markets are served by approximately 14,000 people in 61 manufacturing units and several sales offices in 31 countries. The parent company, Huhtamäki Oyj, has its head office in Espoo, Finland and its share is quoted on the NASDAQ OMX Helsinki Ltd. Additional information is available at www.huhtamaki.com.