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Huhtamaki to acquire full ownership of Brazilian JV Laminor for EUR 30m · Endata

◂ Announcements

Packagingworld trade 2024+3.9% 5Y CAGR

Dec 23, 2019ACQUISITIONBrazil

Huhtamaki to acquire full ownership of Brazilian JV Laminor for EUR 30m

Huhtamaki agreed to buy the remaining shares of its Brazilian joint venture Laminor S.A., a tube laminate maker, for about EUR 30 million. Closing is expected in Q1 2020 subject to Brazilian approval.

Value

$33.5M (30.0M EUR)

Status

Announced

Productstube laminates for oral care

CompaniesBemis partner Huhtamaki acquirer Laminor target

Sectors#Packaging

“The additional shares are acquired at a price of approximately EUR 30 million.”huhtamaki.com

3 sources
huhtamaki.comHuhtamaki to acquire full ownership of its Brazilian joint venture company LaminorDec 23, 2019
news.cision.comHuhtamaki to acquire full ownership of its Brazilian joint venture company Laminor - Huhtamäki OyjDec 23, 2019
packaginginsights.comHuhtamaki to acquire full ownership of its Brazilian joint venture company LaminorJan 6, 2020

Summarized from public sources; check the original articles before acting on it.

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