# Huhtamaki completes full takeover of Brazilian JV Laminor

Huhtamaki has completed the acquisition of the remaining shares of its Brazilian joint venture Laminor S.A., a tube laminate maker, for approximately EUR 30 million. The business is consolidated from April 1, 2020.

- Type: Acquisition
- Announced: 2020-03-31
- Where: Brazil
- Value: $32.7M (30.0M EUR)
- Jobs: 130
- Status: completed
- Products: tube laminates
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Amcor](https://endata.com/companies/267.md) (partner)
- [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/2020/huhtamaki-has-completed-the-acquisition-of-full-ownership-of-its-brazilian-joint-venture-company-laminor/), 2020-03-31: "Huhtamaki has completed the acquisition of full ownership of its joint venture company Laminor S.A. in Brazil."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/huhtamaki-finland-laminor-brazil/), 2020-04-01: "Huhtamaki has secured 100% ownership of its Brazilian joint venture (JV) company Laminor."
- [latinlawyer.com](https://latinlawyer.com/article/finnish-packaging-maker-buys-out-partner-in-brazilian-tube-laminate-jv), 2020-05-07: "Veirano Advogados has helped Finnish packaging company Huhtamäki acquire full ownership of its Brazilian joint venture Laminor from global counterpart Amcor."

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