Business News
Huhtamaki divested its release paper business
Tuesday 10. March 2009 - Huhtamaki has sold its release paper business, a part of Huhtamakis Films Global business, to German release liner manufacturer B.Laufenberg GmbH. The release paper business consists of siliconized glassine and clay coated liners which are manufactured at Huhtamakis Films facility in Forchheim, Germany.
The release paper business will be transferred to B.Laufenberg GmbH over a transition period of 12 months. The annual net sales of the divested business is EUR 30 million.
This action will allow increased focus on Huhtamakis stronghold business, release films, and strengthen it further. Production of poly coated paper will also continue.