Huhtamaki completed the acquisition of Butterworth Paper Cups


Huhtamaki completed the acquisition of Butterworth Paper Cups

Huhtamaki has completed the acquisition of Butterworth Paper Cups Sdn Bhd, a privately owned paper cup and foodservice packaging manufacturer in Malaysia. With the acquisition Huhtamaki expands its foodservice manufacturing footprint to Southeast Asia and significantly strengthens its presence and capability to serve customers in Malaysia, Singapore and other regional Southeast Asian markets. The purchase price of approximately EUR 8 million approximately corresponds with the annual net sales of the business. The company employs approximately 120 people in its manufacturing unit in Penang, Malaysia. The business will be consolidated into the Foodservice Europe-Asia-Oceania business segment as of April 1, 2015.

For further information, please contact
Thomas Geust, CFO, tel. +358 10 686 7880
Kaisa Uurasmaa, Manager, Investor relations, tel. +358 10 686 7815

Group Communications

Huhtamaki is a global specialist in packaging for food and drink. With our network of 68 manufacturing units and 23 sales offices in 34 countries, we're well placed to support our customers' growth wherever they operate. Mastering three distinctive packaging technologies, approximately 16,400 employees develop and make packaging that helps great products reach more people, more easily. In 2014 our net sales totaled EUR 2.2 billion. The Group has its head office in Espoo, Finland and the parent company Huhtamäki Oyj is listed on NASDAQ OMX Helsinki Ltd. Additional information is available at