LONDON, UK Sun European Partners, LLP (“Sun European Partners”), the European adviser to Sun Capital Partners, Inc., announces that one of its affiliates has completed the acquisition of Huhtamaki Group’s European rigid plastic consumer goods operations.
The acquired operations will be headquartered in Germany and renamed PACCOR. The Company has a turnover of approximately €160 million and employs close to 1,100 people in 5 factories which are located in Finland, France, Poland and Turkey, as well as in commercial offices in Germany and Lithuania.
Lionel de Posson, Vice President of Sun European Partners: “We are very pleased to have acquired such a high quality business in the speciality packaging industry. Speciality packaging is a sector in which we have considerable experience and continue to grow, as demonstrated by the acquisitions of Alcan Packaging Beauty, Betts and Reuther earlier this year.”
Sun European Partners (Maitland)
+44(0)20 7379 5151
About Sun European Partners, LLP
Sun European Partners is the European adviser to Sun Capital Partners, Inc., a leading U.S. based private investment firm focused on leveraged buyouts, equity, debt, and other investments in market–leading companies that can benefit from its in–house operating professionals and experience. Affiliates of Sun Capital Partners, Inc. have invested in more than 250 companies worldwide with combined sales in excess of $40 billion since the inception of Sun Capital Partners, Inc. in the U.S. in 1995. Sun Capital Partners, Inc. has offices in Boca Raton, Los Angeles, and New York, as well as affiliates with offices in London, Paris, Frankfurt, Luxembourg, Shanghai and Shenzhen. For more information, please visit www.SunEuropeanPartners.com.
Huhtamaki Group is a leading manufacturer of consumer and specialty packaging with 2009 net sales totaling EUR 2 billion. Foodservice and consumer goods markets are served by approximately 12,000 people in 53 manufacturing units and several sales offices in 31 countries. The parent company, Huhtamäki Oyj, has its head office in Espoo, Finland and its share is quoted on the NASDAQ OMX Helsinki Ltd. Additional information is available at www.huhtamaki.com.