# Huhtamaki acquires 70% stake in Irish paper cup maker CupPrint for EUR 22M

Finnish packaging firm Huhtamaki acquired a 70% stake in Ennis-based paper cup maker CupPrint for EUR 22 million on a debt-free basis. The deal was reported on May 31, 2018.

- Type: Acquisition
- Announced: 2018-05-31
- Where: Ennis, Co Clare, Ireland
- Value: $25.7M (22.0M EUR)
- Status: completed
- Capacity: about eight million cups a month
- Products: paper cups, PLA-coated paper cups
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Huhtamaki](https://endata.com/companies/909.md) (acquirer)
- [CupPrint](https://endata.com/companies/3378.md) (target)

## Sources

- [irishtimes.com](https://www.irishtimes.com/business/manufacturing/cup-runneth-over-for-clare-company-as-it-gets-new-owner-in-22m-deal-1.3515467), 2018-05-31: "Huhtamaki said it had acquired a 70 per cent stake in CupPrint on a debt-free basis for a cost of €22 million."
- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/business/mergers-acquisitions/page/20), 2018-06-04: "Huhtamaki has swooped for rival cup maker CupPrint, acquiring the majority (70%) of the business in a €22m deal."
- [cupprint.com](https://cupprint.com/cupprint-joins-forces-with-huhtamaki/), 2018-06-06: "Global food and drink packaging specialist Huhtamaki has acquired 70% of CupPrint, Europe's leading manufacturer of customer made printed cups in short runs."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.