Huhtamaki to acquire China-based Jiangsu Hihio-Art Packaging for €27m

Finnish packaging firm Huhtamaki agreed to acquire Jiangsu Hihio-Art Packaging, a Chinese maker of paper bags and folding cartons, for a debt-free price of €27 million. The target's plant is in Xuzhou, Jiangsu, and the deal is expected to close by the end of Q3 2021.

“Subject to certain customary closing conditions, the acquisition is expected to be completed by the end of the third quarter of 2021.”designpackagingnews.com

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• designpackagingnews.comHuhtamaki to acquire China-based Jiangsu Hihio-Art ...Apr 22, 2021

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