Huhtamaki to evaluate options for its Films business
HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 18.7.2014 AT 08:15
Huhtamaki to evaluate options for its Films business
As a result of Huhtamaki's growing strategic focus on food packaging it has been decided to evaluate options regarding the Group's Films business. A potential outcome of this evaluation is divestment of the Films business segment. The segment's net sales have grown well in 2014 and its financial performance is improving.
The Films segment manufactures and sells films that are mainly used for technical applications in the label, adhesive tape, hygiene and health care industries, as well as building and construction, automotive, packaging and graphic arts industries. The segment serves global markets from manufacturing units in Europe, Asia, North America and South America. The net sales of the segment in 2013 were EUR 187 million and it has 924 employees.
For further information, please contact:
Jukka Moisio, CEO, tel. +358 10 686 7801
Thomas Geust, CFO, tel. +358 10 686 7880
HUHTAMÄKI OYJ
Group Communications
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging with 2013 net sales totaling EUR 2.3 billion. Foodservice and consumer goods markets are served by approximately 14,400 people in 61 manufacturing units and several sales offices in 30 countries. The parent company, Huhtamäki Oyj, has its head office in Espoo, Finland and its share is quoted on NASDAQ OMX Helsinki Ltd. Additional information is available at www.huhtamaki.com.