05.01.18
Huhtamaki has acquired the majority of Tailored Packaging, an Australian foodservice packaging distribution and wholesale group. With the acquisition Huhtamaki gains access to a national network of distribution centers across Australia, allowing it to serve its customers even better and with more agility.
Tailored Packaging is a national foodservice packaging distribution and wholesale group, founded in Sydney in 2001 and having sales offices and distribution centers in each state of Australia. Tailored Packaging employs approximately 130 people.
The debt free purchase price for 65% ownership of the joint venture was approximately €35 million. As the majority shareholder Huhtamaki will consolidate the joint venture company as a subsidiary in the Group’s financial reporting.
Tailored Packaging is a national foodservice packaging distribution and wholesale group, founded in Sydney in 2001 and having sales offices and distribution centers in each state of Australia. Tailored Packaging employs approximately 130 people.
The debt free purchase price for 65% ownership of the joint venture was approximately €35 million. As the majority shareholder Huhtamaki will consolidate the joint venture company as a subsidiary in the Group’s financial reporting.