Huhtamaki has acquired full ownership of Huhtamaki Tailored Packaging Pty Ltd (HTP), the Australian foodservice packaging distribution and wholesale group.
Huhtamaki acquired a majority stake in the business in 2018 and held approximately 76% of the company prior to this transaction. The debt free purchase price for the additional shares is approximately Euro 19 million. The business has been reported as part of the Foodservice Europe-Asia-Oceania business segment since the beginning of operations in 2018.
HTP employs more than 130 people and is today one of the largest importers and distributors of foodservice packaging in Australia.
Huhtamaki is a leading global provider of sustainable packaging solutions.
