Huhtamäki Oyj - Company Announcement

Huhtamaki to sell its Films business

HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 22.11.2014 AT 02:05

Huhtamaki to sell its Films business

Huhtamaki has entered into an agreement to sell its Films business segment to
DBAG Fund VI, a fund advised by Deutsche Beteiligungs AG, a German private
equity company listed on the Frankfurt stock exchange. In July 2014 Huhtamaki
announced that as a result of its growing strategic focus on food packaging it
had started to evaluate options regarding its Films business.

The annual net sales of the Films segment were EUR 187 million in 2013 and the
segment had 927 employees at the end of September 2014. The debt and cash free
selling price is EUR 141 million. The transaction is subject to the approval of
German competition authorities and it is expected to be finalized in late 2014
or early 2015. Upon the closing of the transaction, Huhtamaki expects to book a
small capital gain and a reduction in goodwill of approximately EUR 45 million."We are very pleased to announce the divestment of our Films segment. We feel
that DBAG is a good and committed owner for the Films business and has good
resources for growing and developing the business further in the future. The
segment's net sales have grown well in 2014 and its financial performance has
improved markedly. I would like to take the opportunity to congratulate the
management of the segment for a job well done. The future owner will continue to
benefit from this good development. From Huhtamaki Group's point of view, this
turns a new page in our story, with a further growing focus on food packaging,"
says Jukka Moisio, CEO.

The Films segment manufactures and sells films that are mainly used for
technical applications in the label, adhesive tape, hygiene and health care
industries, as well as building and construction, automotive, packaging and
graphic arts industries. The segment serves global markets from manufacturing
units in Europe, Asia, North America and South America.

For further information, please contact:
Jukka Moisio, CEO, tel. +358 10 686 7801
Kaisa Uurasmaa, IR, tel. +358 10 686 7815

HUHTAMÄKI OYJ
Group Communications


Huhtamaki Group is a leading manufacturer of consumer and specialty packaging
with 2013 net sales totaling EUR 2.3 billion. Foodservice and consumer goods
markets are served by approximately 14,700 people in 62 manufacturing units and
several sales offices in 30 countries. The parent company, Huhtamäki Oyj, has
its head office in Espoo, Finland and its share is quoted on NASDAQ OMX Helsinki
Ltd. Additional information is available at www.huhtamaki.com.

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