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Hutamaki to acquire the Brazilian film extruder and converter

August 12/2011

(Plastics Today) -- Plastics packaging processor Hutamaki has agreed to acquire the Brazilian film extruder and converter Prisma Pack Industria de Filmes Tecnicos e Embalagens Ltda (Camacari,Brazil). The privately owned Prisma Pack, founded in 2001, is a market leader in hygienic films in Brazil and also serves demand for food packaging and other applications. Hygienic films are mainly used in personal care products, such as disposable diapers, feminine protection and incontinence diapers.

Prisma Pack's net sales in 2010 were approximately EUR 40 million. The company has a strong track record of sales growth since its beginning in 2003. The company employs approximately 200. Huhtamaki's Brazilian subsidiary will acquire all of Prisma Pack for a debt-free purchase price of EUR 20 million.

The acquisition is expected to be completed by the end of August 2011.

Huhtamaki Group (Espoo, Finland) had 2010 net sales totaling EUR 2 billion.

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