USA • The Finnish manufacturer of packaging for food and drink applications has sold its confectionary trademark portfolio to Highlander Partners, a US based investment firm.
Related to the sale, an after taxes gain of approximately USD 16 million will be booked as an item affecting comparability (IAC) during the second quarter of 2018. The sold trademark portfolio was related to Huhtamaki’s confectionary business divested in 1996,
With head office in Espoo, Finland, Huhtamaki runs a network of 76 manufacturing units and additional 24 sales only offices in altogether 34 countries. In 2017 net sales totaled EUR 3.0 billion.