The annual net sales of the unit is around €5m and it currently employs some fifty-five people. The sold unit serves the local edible fats and dairy markets and has dedicated injection moulding assets.
Huhtamäki Oyj’s chief executive officer, Jukka Moisio said: “this transaction supports Huhtamaki’s strategic review of rigid plastic consumer goods operations.”
Moisio continued: “we will continue to supply the South African market in a number of segments including foodservice, molded fiber and flexible packaging. We also continue production at our three remaining units in South Africa.”
Source: Huhtamaki Group
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