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Regards,
Client Success Team (CRM),
Huhtamäki will split the Fiber Foodservice Europe-Asia-Oceania business segment into two separate business segments: Fiber Packaging and Foodservice Europe-Asia-Oceania. The change will enter into force no later than 1.4.2025.
"We are separating our Fiber Foodservice business into two business segments to serve our customers more efficiently. With this strategic change, we are supporting our profitable growth by strengthening our businesses and accelerating decision-making in a changing business environment. The change advances our goal of being the number one choice for sustainable packaging solutions," says Ralf K. Wunderlich, CEO of Huhtamäki.
The business segments were combined in 2020. In external reporting, the businesses have been reported separately, and the change has no impact on external reporting. The combination of the businesses has achieved the desired synergies and created the conditions for growth in promising markets.
"By refocusing on their respective areas of expertise, both segments can drive their innovations more effectively. The segments will continue to collaborate closely in product development, including for smooth extruded fiber products. With this change, we streamline our processes and clarify our responsibilities to achieve Huhtamaki's strategic goals," says Ralf K. Wunderlich.
The heads of both business segments are part of the Group Management Team. Sara Engber (56) has been appointed as Head of the Fiber Packaging business segment and member of the Group Management Team. Fredrik Davidsson will continue as member of the Group Management Team and Head of the Foodservice Europe-Asia-Oceania segment.
The separation of the business operations may require the completion of any statutory negotiation requirements.
About Huhtamäki:
Huhtamäki is a leading global provider of sustainable packaging solutions. Our innovative products protect takeaway food, groceries and hygiene products. By ensuring food hygiene and safety, our products promote food availability and affordability and prevent food waste. Sustainability guides everything we do.
Huhtamaki has a history of over a century and a strong Nordic heritage. Our approximately 18,000 professionals work in 36 countries and 101 locations around the world. Our values are Care, Dare and Get it Done. In 2024, Huhtamaki’s net sales were EUR 4.1 billion. Huhtamaki Oyj is listed on Nasdaq Helsinki Ltd and our headquarters are in Espoo. For more information, visit www.huhtamaki.com .
HUHTAMÄKI CORPORATION
Corporate Communications
Contact:
Maria Tomminen,
Senior Manager, External Communications
& Media Relations,
tel. +358 10 686 7801
Source: Huhtamäki Corporation
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