Huhtamaki has acquired Delta Print and Packaging and entered the folding carton packaging market in Europe.
Delta Print and Packaging is a folding carton packaging manufacturer based in Belfast, Northern Ireland. It specializes in bespoke printed folding carton packaging for the UK and European foodservice, packaged food and retail markets. Huhtamaki has also acquired the affiliated Polish business European Packaging Solutions Poland, which operates a new manufacturing unit in Gliwice. The business will become part of Huhtamaki's Foodservice Europe-Asia-Oceania business segment as of May.
With the acquisition, Huhtamaki continues to implement its growth strategy focused on food and drink packaging, and CEO Jukka Moisio said: ‘Delta is a perfect addition to our operations in Europe. Its technology is world-class, product range is complementary to our existing foodservice packaging portfolio in Europe and the company is geared for growth."
Eric Le Lay, executive vice president of Huhtamaki Foodservice Europe-Asia-Oceania, added: ‘With Delta we are able to serve our European customers even better and offer them a fuller range of paperboard packaging solutions. We're excited to enter the folding carton packaging business also in Europe. The acquisition strengthens our offering for the specialty coffee and QSR segments and gives us significant new opportunities in the packaged food market.’
Delta Print and Packaging’s net sales for 2016 are expected to be approximately 70 million EUR (78 million USD). The debt free purchase price was approximately 103 million EUR (115 million USD).