MOSCOW (MRC) -- Huhtamaki has acquired the assets and business of Pure-Stat Technologies, Inc., a privately owned company in the United States, said the producer in its press rellease.
Pure-Stat's laminate is used as a component in a number of Huhtamaki's molded fiber products. The company employs 12 people in its manufacturing unit in Lewiston, Maine.
The purchase price is approximately EUR 6 million and the acquired unit will become part of Huhtamaki's North America business segment as of July 1, 2015.
As MRC informed before, Huhtamaki built a moulded fibre egg packaging unit adjacent to its existing packaging facility in the greater Moscow area. The new unit concentrated on a narrow range of high-volume premium egg packaging, with complementary products sourced from other Huhtamaki units and technology licensees. The company already has a specialised fresh foods sales force in Russia.
Huhtamaki is a global specialist in packaging for food and drink. With our network of 69 manufacturing units and 23 sales offices in 34 countries, we're well placed to support our customers' growth wherever they operate. Mastering three distinctive packaging technologies, approximately 16,000 employees develop and make packaging that helps great products reach more people, more easily. In 2014 our net sales totaled EUR 2.2 billion. The Group has its head office in Espoo, Finland and the parent company Huhtamaki Oyj is listed on NASDAQ OMX Helsinki Ltd.
MRC