Huhtamaki has acquired Delta Print and Packaging Limited ("Delta"), a privately held folding carton packaging manufacturer based in Belfast, Northern Ireland, and its affiliated Polish unit European Packaging Solutions Poland Sp. Z o.o. with a new manufacturing unit in Gliwice, Poland, as the company said in the press release received by Lesprom Network.
With the acquisition Huhtamaki continues to implement its growth strategy focused on food and drink packaging and enters the folding carton packaging market also in Europe.
The debt free purchase price was GBP 80 million (approximately Euro 103 million). The business will become part of Huhtamaki's Foodservice Europe-Asia-Oceania business segment as of May 2016.
"I am very pleased to announce this acquisition," says Jukka Moisio, CEO of Huhtamäki Oyj. "Delta is a perfect addition to our operations in Europe. Their technology is world-class, product range is complementary to our existing foodservice packaging portfolio in Europe and the company is geared for growth."
Delta is specialized in bespoke printed folding carton packaging for the UK and European foodservice, packaged food and retail markets.
Huhtamaki is a global specialist in packaging for food and drink.
