Huhtamaki has agreed to establish a joint venture with Smith Anderson Group Limited, one of Europe's leading paper bag suppliers, to manufacture and sell foodservice paper bags in Eastern Europe. The joint venture will start manufacturing paper bags at Huhtamaki's facility in Czeladz, Poland.

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Huhtamaki to establish a joint venture with Smith Anderson Group in Poland

Huhtamaki has agreed to establish a joint venture with Smith Anderson Group Limited, one of Europe's leading paper bag suppliers, to manufacture and sell foodservice paper bags in Eastern Europe. The joint venture will start manufacturing paper bags at Huhtamaki's facility in Czeladz, Poland, as the company says in the press release received by Lesprom Network.

Manufacturing operations are expected to begin during 1Q 2018. Huhtamaki currently manufactures paper bags in Russia only and this initiative further strengthens its position as a one-stop-shop to foodservice customers.

As the majority shareholder Huhtamaki will consolidate the joint venture company as a subsidiary in the Group's financial reporting. The business will be reported as part of the Foodservice Europe-Asia-Oceania business segment but will not have a significant impact on the segment's net sales initially.

Huhtamaki is a global specialist in packaging for food and drink.