# 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.

- Type: Acquisition
- Announced: 2019-12-23
- Where: Brazil
- Value: $33.5M (30.0M EUR)
- Status: announced
- Products: tube laminates for oral care
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Bemis](https://endata.com/companies/314.md) (partner)
- [Huhtamaki](https://endata.com/companies/909.md) (acquirer)
- [Laminor](https://endata.com/companies/5943.md) (target)

## Sources

- [huhtamaki.com](https://www.huhtamaki.com/en/media/media/press-release/2019/huhtamaki-to-acquire-full-ownership-of-its-brazilian-joint-venture-company-laminor/), 2019-12-23: "The additional shares are acquired at a price of approximately EUR 30 million."
- [news.cision.com](https://news.cision.com/huhtamaki-oyj/r/huhtamaki-to-acquire-full-ownership-of-its-brazilian-joint-venture-company-laminor,c4410947), 2019-12-23: "Huhtamaki has agreed to acquire full ownership of its joint venture company Laminor S.A. in Brazil."
- [packaginginsights.com](https://www.packaginginsights.com/news/huhtamaki-to-acquire-full-ownership-of-its-brazilian-joint-venture-company-laminor.html), 2020-01-06: "The additional shares are acquired at a price of approximately €30 million."

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