HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 27.11.2013 AT 23:55
Huhtamaki has acquired BCP Fluted Packaging Ltd. in the UK. BCP Fluted Packaging
Ltd. specializes in corrugated packaging for the foodservice, confectionery and
cosmetics markets and is based in Blackburn, Lancashire, the UK. The company
employs approximately 120 people. With the acquisition Huhtamaki continues to
implement its strategy of quality growth and expands its product offering.
All shares of the privately owned BCP Fluted Packaging Ltd. were acquired for a
purchase price of approximately EUR 20 million. The net sales of the acquired
business during financial year 2012-2013 were approximately EUR 18 million. The
acquired company will be renamed Huhtamaki BCP Ltd. and it will become part of
Huhtamaki's Foodservice Europe-Asia-Oceania business segment. The acquisition is
expected to be EPS accretive as of 2014.
"We are pleased to continue strengthening our position with this targeted
acquisition," says Jukka Moisio, CEO of Huhtamäki Oyj.
"BCP's corrugated food-to-go products complement our existing range of
foodservice products perfectly," says Eric Le Lay, Executive Vice President
Foodservice Europe-Asia-Oceania. "We also look forward to serving BCP's current
and future customers in the confectionery and cosmetics industries."
"I am extremely pleased to have BCP join the Huhtamaki Group," says Brian Jones,
Chairman of BCP. "The Group has both the desire and the resources to grow the
For further information, please contact:
Jukka Moisio, CEO, tel. +358 10 686 7801
Thomas Geust, Director, Finance, tel. +358 10 686 7880
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging
with 2012 net sales totaling EUR 2.3 billion. Foodservice and consumer goods
markets are served by approximately 14,200 people in 60 manufacturing units and
several sales offices in 31 countries. The parent company, Huhtamäki Oyj, has
its head office in Espoo, Finland and its share is quoted on NASDAQ OMX Helsinki
Ltd. Additional information is available at www.huhtamaki.com.