Finnish packaging products supplier Huhtamaki has acquired the UK-based corrugated packaging manufacturer BCP Fluted Packaging for a purchase price of about €20m.
The transaction is part of Huhtamaki's plans to improve the quality as well as expand its product offering.
Following the acquisition, the BCP Fluted Packaging will be operating under the name Huhtamaki BCP and will be part of Huhtamaki's Foodservice Europe-Asia-Oceania business segment.
Huhtam ki Oyj CEO Jukka Moisio said, "We are pleased to continue strengthening our position with this targeted acquisition."
Huhtam ki Foodservice Europe-Asia-Oceania executive vice president Eric Le Lay said the company looks forward to serving BCP's existing and future customers in the confectionery and cosmetics industries.
"BCP's corrugated food-to-go products complement our existing range of foodservice products perfectly," Le Lay added.
Based in Blackburn, Lancashire in the UK, BCO had reported net sales of about €18m during financial year 2012-2013.
