Jukka Moisio, CEO of Huhtamäki Oyj, said: “We are pleased to announce another acquisition implementing our strategy of profitable growth. With Ample Industries, and the previously acquired business of Paris Packaging, we have successfully added a new line of high quality products into our North American foodservice assortment. This complementary range extension allows us to serve our customers even better.”
The assets and business of the privately held Ample Industries, were acquired by Huhtamaki, Huhtamäki Oyj’s US based subsidiary, for a purchase price of €23m. The annual net sales of the acquired business are approximately €45m.
The business, which employs approximately 230 people in Franklin, Ohio (US), will become part of Huhtamaki’s North America business segment. The acquisition is expected to be EPS accretive as of 2012.
Source: Huhtamaki
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