PÖYRY PLC Press Release 23rd May 2016 14.30 pm (EEST)
Pöyry advice to Delta Packaging on its acquisition by Huhtamaki
On 19th May 2016 Huhtamaki announced its acquisition of Delta Print & Packaging (http://www.huhtamaki.com/-/huhtamaki-enters-the-folding-carton-packaging-business-in-europe). Based in Belfast, Northern Ireland, Delta is a manufacturer of folding carton packaging, supplying major food service brands including KFC, Kellogg's, McDonald's and United Biscuits. The company has recently expanded its manufacturing operations by building a factory in southern Poland.
Pöyry Capital acted as financial adviser to Delta and its owners.
Pöyry Capital is the investment banking advisory arm of the Pöyry Group focusing on transactions in the energy, forest products and packaging industries.
The success fee earned from this transaction will be recognised within the Management Consulting Business Group order stock in Q2/2016.
Additional information:
Tom Blake
Managing Director, Pöyry Capital, London
Tel +44 7860 862795
Rebecca Bleasdale
Head of Communications
Tel +44 7969 981163
Pöyry is an international consulting and engineering company. We serve clients globally across the energy and industrial sectors and provide local services in our core markets. We deliver management consulting and engineering services, underpinned by strong project implementation capability and expertise. Our focus sectors are power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation and water. Pöyry has an extensive local office network employing about 6,000 experts. Pöyry's net sales in 2015 were EUR 575 million and the company's shares are quoted on Nasdaq Helsinki (Pöyry PLC: POY1V).
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pöyry Oyj via Globenewswire
