Huhtamäki enters the fold in Europe
Finnish food and drink packaging specialist Huhtamäki has entered the European folding carton packaging market, after acquiring Delta Print and Packaging Limited.
Based in Belfast, Northern Ireland, Delta specialises in printed folding carton packaging for the UK and European foodservice, packaged food and retail markets.
The acquisition price was approximately 103 million euros. The debt free purchase also includes Delta’s affiliated unit European Packaging Solutions Poland Sp. Zoo, which has a new manufacturing unit in Gliwice, Poland.
“We’re excited to enter the folding carton packaging business also in Europe,” says Eric Le Lay, Huhtamäki’s executive vice president, Foodservice Europe-Asia-Oceania. “The acquisition strengthens our offering for the specialty coffee and QSR segments and gives us significant new opportunities in the packaged food market.”
Delta’s net sales this year are expected to be approximately 70 million euros. Altogether it employs approximately 300 employees in its two manufacturing units.
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