Huhtamaki has acquired Delta Print and Packaging Limited, a privately held folding carton packaging manufacturer based in Belfast, Northern Ireland.
It has also acquired Delta’s affiliated Polish unit European Packaging Solutions Poland with a new manufacturing unit in Gliwice, Poland.
With the acquisition Huhtamaki continues to implement its growth strategy focused on food and drink packaging and enters the folding carton packaging market in Europe.
Delta is specialized in bespoke printed folding carton packaging for the UK and European foodservice, packaged food and retail markets.
The net sales of the company for the year 2016 are expected to be approximately €70 million (US$78.45 million) and it employs altogether approximately 300 employees in its two manufacturing units.
The debt free purchase price was £80 million (US$116.8 million).
The business will become part of Huhtamaki’s Foodservice Europe-Asia-Oceania business segment as of May 2016.
“The acquisition strengthens our offering for the specialty coffee and QSR segments and gives us significant new opportunities in the packaged food market,” says Eric Le Lay, EVP, foodservice Europe-Asia-Oceania.
