Sale of Huhtamaki's EPS packaging business in France and Portugal finalized
HUHTAMÄKI OYJ STOCK EXCHANGE ANNOUNCEMENT 20.6.2006 AT 8.00
The sale of Huhtamäki Oyj's EPS (Expanded Polystyrene) packaging business in France and Portugal to a French company Ono Packaging S.A.S., announced on April 4, 2006, has been finalized. The sale included the EPS business of Huhtamaki France S.A. located in Auneau, France and all the shares of Huhtamaki Embalagens Portugal S.A., a subsidiary specialized in the EPS packaging business in Setubal, Portugal. Relevant competition authorities have accepted the sale.
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging with 2005 net sales exceeding EUR 2.2 billion. Consumer goods and foodservice markets are served by almost 15,000 employees in approximately 70 manufacturing and sales units in more than 30 countries worldwide. The parent company, Huhtamäki Oyj, has its head office in Espoo, Finland and is listed on the Helsinki Stock Exchange. Additional information is available at www.huhtamaki.com.