Jan 29, 2016. /Lesprom Network/.
Huhtamaki has completed the acquisition of FIOMO, a.s., a manufacturer
of flexible packaging foils and labels in the Czech Republic.
With the acquisition Huhtamaki expands its flexible packaging manufacturing footprint
in Europe and is able to offer agile high
quality off-set printing capabilities for smaller production runs for its
customers, the company says in the press release received by Lesprom Network.
The debt-free purchase price was approximately Euro 28 million. The
business will be consolidated into the Flexible Packaging business segment as
of February 1, 2016.
The annual net sales of the acquired business in 2014 were approximately
Euro 21 million and it employs approximately 120 people in its manufacturing
unit in the Prague
area.
Huhtamaki is a global specialist in packaging for food and drink.
