Huhtamäki Oyj - Company Announcement

Huhtamaki to acquire Positive Packaging

HUHTAMÄKI OYJ STOCK EXCHANGE RELEASE 8.7.2014 AT 15:20

Huhtamaki to acquire Positive Packaging

Huhtamaki has entered into an agreement to acquire Positive Packaging, a
privately owned flexible packaging company with nine manufacturing facilities in
India and the United Arab Emirates as well as significant business in Africa and
other export markets. With the acquisition Huhtamaki continues to implement its
strategy of quality growth and strengthens its position in the fast-growing
emerging markets."I am extremely pleased to announce this acquisition," says Jukka Moisio, CEO of
Huhtamäki Oyj. "It further enhances our position in India and provides us with
much improved access to the fast growing markets of Africa and Middle East. Many
of our global customers are investing heavily to grow in these markets, and now
we are even better resourced to help them grow."

The annual net sales of the business to be acquired are approximately EUR 220
million and it employs approximately 2,500 people in India and UAE as well as in
the sales offices in seven countries. Huhtamaki will acquire Positive Packaging
for a debt free purchase price of EUR 247 million (USD 336 million). The
business will become part of Huhtamaki's Flexible Packaging business segment."Together with Positive Packaging Huhtamaki will become a leading flexible
packaging provider in the fast-growing emerging markets," says Shashank Sinha,
Executive Vice President, Flexible Packaging. "With the acquisition we expand
our flexibles manufacturing into Middle East and double our sales in Africa with
an unmatched footprint," he continues. "In addition, Positive Packaging's
expertise in high quality printing and cylinder making, as well as their strong
focus on innovations are a perfect fit for Huhtamaki's growth strategy."

The transaction is subject to the approval of competition authorities and other
regulators and it is expected to be finalized in the fall.

For further information, please contact:
Jukka Moisio, CEO, tel. +358 10 686 7801
Thomas Geust, Director, Finance, tel. +358 10 686 7880
Shashank Sinha, Executive Vice President, Flexible Packaging, tel.
+91 22 6174 0400

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 14,400 people in 61 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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