DBAG acquires Huhtamaki’s films business

DBAG is a publicly traded company based in Frankfurt, specializing in investments in well-positioned and medium-sized companies with growth potential. DBAG currently holds around 20 corporate investments and Huhtamaki Films will be the only film producer in its portfolio.

The sale includes all locations worldwide which, apart from its headquarters in Forchheim, Germany, include locations in Brazil, the US and Thailand.

Peter Wahsner, executive vice-president of Huhtamaki Films, said: ‘DBAG is a good and dedicated owner with the necessary resources to promote the growth and development of the company today and in the future.’

During summer last year, Huhtamäki said it was evaluating options regarding the group's films business as a result of its growing strategic focus on food packaging.

Wahsner said the sale of the business to a strong financial investor is seen in a positive light by Huhtamaki Films and its staff because, ‘a change of ownership to DBAG offers the films business segment and its employees a great way to achieve its growth targets and develop its business further.’