Huhtamäki acquires a Malaysian manufacturing company
Global specialists in packaging for food and drink, Huhtamäki acquires a paper cup manufacturer in Malaysia. The company have entered into an agreement with privately owned Butterworth Paper Cups.
Butterworth Paper Cups already employs 120 people in the manufacturing section in Panang Malaysia. With the expansion of this food service to Southeast Asia, Huhtamäki will strengthen the presence and existence to Malaysia, Singapore and Southeast Asian markets.
According to the company, this expansion and development of the food service and manufacturing industry in Southeast Asian markets will also strengthen their global consumer network.
This investment costing approximately 8 million euros will enhance the manufacturing unit allowing it to become a strong part of the company’s Europe-Asia-Oceania Food service business segment.
Final acquisition is expected to be closed during April 2015.
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