FDBusiness.com

Huhtamaki to acquire Czech flexible packaging manufacturer – Fiomo

 Breaking News
  • 2 Sisters Outlines Transformation Agenda Ronald Kers, the new chief executive of 2 Sisters Food Group, has spelled out his vision for the future of the company. His first 100 days have been taken up with an assessment of the opportunities for the group and creating the new initiatives he plans to put in place. Ronald Kers comments: “2 Sisters can [...]...
  • General Mills Announces Significant Growth Across its UK Snacking Division General Mills is launching new lines across both its Fibre One and Nature Valley portfolios, as it reveals its snacking division has grown +35.4% and household penetration has grown +12.1 percentage points to 25.3%[1] – equating to the size of London[2]. Cake Bars will be added to Fibre One’s guilt-free snacking range in two flavours: Triple Choc [...]...
  • Lorien and Britvic – Manufacturing Success Lorien Engineering Solutions, a division of GP Strategies, is working with soft drinks provider Britvic to help install new state-of-the-art production lines at Britvic’s Leeds and Rugby manufacturing sites. Lorien Engineering Solutions is part of a multi-disciplined project team, created and led by Britvic, to deliver a step-change in business capability. Alongside other specialists, Lorien [...]...
  • Carlsberg Group Increases Ownership in Cambodian Business Carlsberg Group has increased its ownership in the Cambodian brewer Cambrew from 50% to 75%. Cambrew is among the largest brewers in Cambodia. Its largest beer brand – the iconic Angkor Premium Beer with its well-known tagline ‘Our Country, Our Beer’ – is a popular brand among Cambodian consumers. In addition, Cambrew produces and bottles [...]...
  • Kerry Group Reports Healthy Volume Growth Kerry Group, the global taste & nutrition and consumer foods group, has reported a solid underlying business performance for the half year ended 30 June 2018. Group revenue on a reported basis increased by 1.4% to €3.2 billion, reflecting strong volume growth and contribution from acquisitions, offset by adverse currency movements. Business volumes grew by [...]...

Huhtamaki to acquire Czech flexible packaging manufacturer – Fiomo

Huhtamaki to acquire Czech flexible packaging manufacturer – Fiomo
December 28
12:37 2015

Finland-based Huhtamaki Oyj has entered into an agreement to acquire Fiomo, a privately owned manufacturer of flexible packaging foils and labels from the Czech Republic.

With the acquisition, Huhtamaki has expanded its flexible packaging manufacturing footprint to Eastern Europe and is able to offer agile, high-quality off-set printing capabilities for smaller production runs for its customers in Europe. The transaction, expected to be finalised in early 2016, is accompanied by a purchase price of approximately €28m.

Huhtamaki Oyj executive vice-president, flexible packaging Olli Koponen said: “I am pleased to announce this addition in our flexible packaging manufacturing network. European flexible packaging market is experiencing a positive momentum, with increasing versatility in customers’ needs. FIOMO’s manufacturing capabilities complement our offering and ensure better resourcing and faster response when serving our customers across Europe.”

Fiomo had net sales of €21m in 2014 and employed approximately 120 people in its manufacturing unit in the Prague area.

Earlier, Huhtamaki announced an investment totalling around £5m in its molded fibre packaging manufacturing unit in Lurgan, Northern Ireland, as part of its wider strategy for growth.

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 16,700 employees develop and make packaging that helps great products reach more people, more easily. In 2014 our net sales totaled EUR 2.2 billion.

About Author

admin

admin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 5, 2018Int'l Food Products and Processing Technologies Exhibition (WorldFood Istanbul)
  • September 12, 2018Packaging Innovations & Luxury Packaging London 2018
  • September 15, 2018iba
  • September 25, 2018PPMA Show 2018
AEC v1.0.4

Jobs: Food Packaging

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements