Huhtamaki vacates and sells a facility in China

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HUHTAMKI OYJ PRESS RELEASE 21.4.2017 AT 1400 Huhtamaki vacates and sells a facility in China Huhtamaki has agreed to sell one of its manufacturing facilities and the related land usage rights in Guangzhou China to Guangzhou Yashao Investment Co Ltd The sale is part of the ongoing consolidation of Huhtamakis foodservice packaging manufacturing operations in South China The transfer of manufacturing activities into one efficient modernized unit is expected to be completed and the sold facility vacated during the third quarter of 2017The selling price is approx EUR 14 million and the sale is expected to be finalized during the second quarter of 2017 As a result of the sale a gain of approx EUR 6 million will be booked as an item affecting comparability IAC in the second quarter of 2017 in the Foodservice Europe-Asia-Oceania business segment For further information please contact Media Katariina Hietaranta Head of Group Communications IR tel 358 10 686 7863 Investors Kaisa Uurasmaa Investor Relations tel 358 10 686 7815 HUHTAMKI OYJ Group Communications Huhtamaki is a global specialist in packaging for food and drink With our network of 76 manufacturing units and additional 24 sales only offices in altogether 34 countries were well placed to support our customers growth wherever they operate Mastering three distinctive packaging technologies approximately 17000 employees develop and make packaging that helps great products reach more people, more easily In 2016 our net sales totaled EUR 29 billion. The Group has its head office in Espoo Finland and the parent company Huhtamki Oyj is listed on Nasdaq Helsinki Ltd Additional information is available at wwwhuhtamakicom This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clientsThe issuer of this announcement warrants that they are solely responsible for the content accuracy and originality of the information contained thereinSource Huhtamki Oyj via Globenewswire br/>

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Thomson Reuters: 12:01 GMT Friday 21st April 2017

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