Prisma Pack is currently privately owned. Hygienic films are mainly used in personal care products. The company has a strong track record of sales growth since its beginning in 2003.
Huhtamaki’s Brazilian subsidiary will acquire all the quotas of Prisma Pack for a debt free purchase price of €20m.
Jukka Moisio, CEO of Huhtamäki Oyj, said: “We are very excited about this acquisition. The strategic fit is perfect. With Prisma Pack we gain a strong position in hygienic films in the fast growing Brazilian market and improve our ability to serve our global customers in South America.”
Source: Huhtamaki
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