Huhtamaki: Sale of EPS packaging business in France and Portugal

Huhtamäki Oyj has agreed to sell its EPS (Expanded Polystyrene) packaging business and assets of Huhtamaki France S.A. located in Auneau, France and all shares of Huhtamaki Embalagens Portugal S.A. engaged in the EPS packaging business in Setubal, Portugal, to the French Ono Packaging S.A.S. The annual net sales of the sold units are around EUR 21 million and they currently employ approximately 130 people. The sale will be closed subject to the regulatory approval. ‘The sold units serve the local meat and poultry packaging market and have dedicated EPS assets. We will continue growing our capabilities and capacity in alternative technologies serving European fresh food markets,’ says Timo Salonen, Executive Vice President, Rigid Packaging Europe.

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