Global consumer packaging group HuhtamÃ¤ki Oyj has sold its expanded polystyrene food container operations in France and Portugal to Auneau, France-based Ono Packaging SAS.
The deal, which closed late in June, included the business and assets of HuhtamÃ¤ki France SA in Auneau and the EPS operation of HuhtamÃ¤ki Embalagens Portugal SA in Setubal, Portugal.
Both businesses specialize in packaging for beef and poultry. Together, the subsidiaries employ 130 and achieved annual sales of around 21 million euros ($26 million), according to Espoo-based HuhtamÃ¤ki.
``We will continue growing our capabilities and capacity in alternative technologies, serving European fresh-food markets,'' said Timo Salonen, executive vice president of HuhtamÃ¤ki's European rigid packaging division.
The disposal is part of a reorganization initiated in 2004.