An affiliate of Sun European Partners, LLP (“Sun European Partners”) has announced 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.”
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