The divestment includes the rigid plastic manufacturing units in Settimo Torinese, Sant’Ilario d’Enza and Buccino and affects approximately 200 employees.
The net sales of the company were approximately €50m in 2012 and it was loss-making. The selling price was approximately €5m.
The Group will book a loss of approximately €17m related to the divestment during the fourth quarter 2013. The divestment is expected to have an estimated €3-4m annualised positive impact on the Foodservice Europe-Asia-Oceania segment’s EBIT as of 2014.
Source: Huhtamäki Oyj
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