Huhtamäki Oyj has divested its Italian subsidiary, Huhtamaki S.p.A., to Diesse S.r.l., a Sicily-based manufacturer of polystyrene packaging for the foodservice markets. The ownership of the company's shares has been transferred to Diesse S.r.l. with immediate effect. The divestment includes the rigid plastic manufacturing units in Settimo Torinese, Sant'Ilario d'Enza and Buccino and affects approximately 200 employees. The net sales of the company were approximately EUR 50 million in 2012 and it was loss-making. The selling price was approximately EUR 5 million.
www.huhtamaki.com
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