Huhtamaki acquires 65% of Tailored Packaging
The majority (65%) of Australian foodservice packaging distributor Tailored Packaging has been acquired by Huhtamaki, giving the Finnish company access to Tailored Packaging’s network of distribution centres across Australia.
With sales offices and distribution centres in NSW, Victoria, Queensland, Western Australia and South Australia, Tailored Packaging imports and distributes bags, bin liners, foodservice wraps, food prepackaging, containers, cups, tableware, and hygiene and industrial products to foodservice operators across the country.
The debt-free purchase price for 65% ownership of the joint venture was approximately €35 million and the business will be reported as part of Huhtamaki’s Foodservice Europe-Asia-Oceania business segment.
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