Huhtamaki to buy flexible packaging manufacturer in the Czech Republic
Huhtamäki Flexible Packaging has entered into an agreement to acquire Fiomo, a privately owned manufacturer of flexible packaging foils and labels in the Czech Republic, for 28 million EUR (31 million USD).
With the acquisition, which is expected to be finalized in early 2016, Huhtamaki expands its flexible packaging manufacturing footprint to Eastern Europe and is able to offer agile high quality offset printing capabilities for smaller production runs for its customers in Europe.
‘I am pleased to announce this addition in our flexible packaging manufacturing network,’ said Olli Koponen, executive vice president of Huhtamaki Flexible Packaging. ‘The European flexible packaging market is experiencing a positive momentum, with increasing versatility in customers' needs. Fiomo's manufacturing capabilities complement our offering and ensure better resourcing and faster response when serving our customers across Europe.’
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