# Huhtamaki sells Russian business to Espetina for 151M euros

Huhtamaki is selling its four Russian production sites, which employ 724 people, to Russian buyer Espetina Ltd for 151 million euros. Huhtamaki expects a profit of about 15 million euros in the third quarter of 2022.

- Type: Acquisition
- Announced: 2022-09-05
- Where: Ivanteevka, Moscow Region and Tatarstan, Russia
- Value: $151.0M (151.0M EUR)
- Status: announced
- Products: paper fiber packaging, paper cups
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Huhtamaki](https://endata.com/companies/909.md)
- [Espetina Ltd](https://endata.com/companies/9660.md) (acquirer)

## Sources

- [corruga.expert](https://corruga.expert/news/huhtamaki-sells-russian-business-for-151mm-euros/), 2022-09-05: "All four enterprises are acquired by the Russian Espetina Ltd"

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