All shares of the privately owned BCP Fluted Packaging were acquired for a purchase price of approximately €20m. The net sales of the acquired business during financial year 2012-2013 were approximately €18m.
The acquired company will be renamed Huhtamaki BCP Ltd and it will become part of Huhtamaki’s Foodservice Europe-Asia-Oceania business segment. The acquisition is expected to be EPS accretive as of 2014.
Source: Huhtamaki
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