Huhtamaki has acquired full ownership of its paper bag joint venture in Poland

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Huhtamaki has acquired full ownership of its Polish joint venture company Huhtamaki Smith Anderson sp. z o.o. from Smith Anderson Group Ltd. (SA). The company manufactures and sells foodservice paper bags in Eastern Europe at Huhtamaki's facility in Czeladz, Poland.

Paper bags have become an increasingly important part of Huhtamaki’s product offering — © Huhtamäki Oyj

02.02.2022

Source: Company news

Paper bags have become an increasingly important part of Huhtamaki’s product offering and the acquisition enables the company to invest in and further grow the business in Eastern Europe. The purchase price for additional shares and related manufacturing equipment is approximately EUR 2 million. The business has been reported as part of the Foodservice Europe-Asia-Oceania business segment since beginning of operations in 2018.

Company profile: Huhtamäki Oyj, Group Headquarters / Huhtamaki, Finland, Espoo

Company profile: Huhtamaki Foodservice Poland Sp. z o.o., Poland, Czeladz

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