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Huhtamäki Oyj s Half-yearly Report January 1-June 30, 2021: Strong comparable net sales growth with improved profitability
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Huhtamaki acquires Chinese firm Jiangsu Hihio-Art Packaging s assets
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Huhtamäki Oyj: Huhtamaki acquires leading manufacturer of paper bags, wraps and folding carton packaging in China
Huhtamaki
ra
in China
Huhtamaki, a key advanced manufacturer of sustainable packaging solutions for consumers around the world, has entered into an agreement to acquire the assets of Jiangsu Hihio-Art Packaging Co. Ltd., a leading manufacturer of paper bags, wraps and folding carton packaging in China. The company currently serves international quick-service restaurants (QSR) as well as national bakery chains. With this acquisition, Huhtamaki continues to strengthen its position as the leading foodservice packaging provider in Asia and expands its product portfolio in China allowing it to better serve its existing and new customers in this exciting growth market.
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