HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 10.3.2009 AT 10:00
Huhtamaki has sold its release paper business, a part of Huhtamaki's Films Global business, to German release liner manufacturer B.Laufenberg GmbH. The release paper business consists of siliconized glassine and clay coated liners which are manufactured at Huhtamaki's Films facility in Forchheim, Germany.
The release paper business will be transferred to B.Laufenberg GmbH over a transition period of 12 months. The annual net sales of the divested business is EUR 30 million.
This action will allow increased focus on Huhtamaki's stronghold business, release films, and strengthen it further. Production of poly coated paper will also continue.
Enquiries:
Timo Salonen, CFO, tel. +358 (0)10 686 7880
HUHTAMÄKI OYJ
Group Communications
Group Communications
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging with 2008 net sales totaling EUR 2.3 billion. Consumer goods and foodservice markets are served by some 14,600 people in 65 manufacturing units and several sales offices in 35 countries. The parent company, Huhtamäki Oyj, has its head office in Espoo, Finland and is listed on the NASDAQ OMX Helsinki Ltd. Additional information is available at www.huhtamaki.com.