Huhtamaki will acquire Brazilian hygienic films manufacturer

LSRUNQI

Huhtamaki will acquire Brazilian hygienic films manufacturer

Monday, August 15, 2011

Espoo, Finland - Huhtamaki has entered into an agreement to acquire the Brazilian hygienic films manufacturer Prisma Pack Indústria de Filmes Técnicos e Embalagens Ltda. Prisma Pack is currently privately owned and is a market leader in hygienic films in Brazil. Prisma Pack’s net sales in 2010 were approximately EUR 40 million. The company has a strong track record of sales growth since its beginning in 2003. The company employs approximately 200 people. Huhtamaki’s Brazilian subsidiary will acquire all the quotas of Prisma Pack for a debt free purchase price of EUR 20 million (BRL 47 million). The acquisition is expected to be completed by the end of the month.