Huhtamaki has sold its confectionary trademark portfolio to Highlander Partners, a US based investment firm. Related to the sale, an after taxes gain of approximately $16 million will be booked as an item affecting comparability (IAC) during the 2Q 2018.
The sold trademark portfolio was related to Huhtamaki's confectionary business divested in 1996. Investment bank Fredericks Michael & Co served as the financial advisor to Huhtamaki.
Huhtamaki is a global specialist in packaging for food and drink.
