Huhtamaki Sells its Rigid Plastic Consumer Goods Business in South Africa
This transaction supports Huhtamaki's strategic review of rigid plastic consumer goods operations.
4 Aug 2009 Huhtamäki Oyj has sold its rigid plastic production unit in Roodekop, South Africa, to Polyoak Packaging (Pty) Ltd. The annual net sales of the unit is some EUR 5 million and it currently employs some 55 people. The sold unit serves the local edible fats and dairy markets and has dedicated injection molding assets.
"This transaction supports Huhtamaki's strategic review of rigid plastic consumer goods operations", says Huhtamäki Oyj's CEO Jukka Moisio. "We will continue to supply the South African market in a number of segments including foodservice, molded fiber and flexible packaging. We also continue production at our three remaining units in South Africa."
