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Huhtamaki may sell firms business to focus on food packaging

By Joe Whitworth+

18-Jul-2014

Huhtamaki Group manufactures consumer and specialty packaging with 2013 net sales of €2.3bn
Huhtamaki Group manufactures consumer and specialty packaging with 2013 net sales of €2.3bn

Huhtamaki is evaluating the divestment of its films business segment as it focuses on food packaging.

The business manufactures and sells films that are used for technical applications in the label, adhesive tape, hygiene and health care industries, building and construction, automotive, packaging and graphic arts industries.

It serves global markets from manufacturing units in Europe, Asia, North America and South America.

The net sales of the segment in 2013 were €187m and it has 924 employees.

Huhtamaki acquired Positive Packaging for $336m earlier this month.

The deal included nine manufacturing facilities including India, Africa and the UAE and the business will now become part of Huhtamaki's Flexible Packaging division.

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