Bayer: Sale of Walothen film subsidiary

Bayer is to sell its Walothen film subsidiary to the Wihuri group of Finland in a deal to take effect on 1 September. Based at the Walsrode Industrial Park in German, Walothen produces high performance BOPP film for four market segments: tobacco packaging, print lamination, overwrap films and standard films. It turns over some E60m and employs 240 people. Wihuri already has activities at the Walsrode Industrial Park making high grade composite films for food packaging, medical and technical applications.
Wihuri is one of Finland’s leading industrial groups with more than 6,000 employees; its Wipak and Winpak packaging business in Europe and North America respectively, employ over 3,000 people and have sales worth over E600m.

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