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Article: FINLAND'S HUHTAMAKI PURCHASES VAN LEER: CREATES EUROPEAN GIANT IN PACKAGING.

Article from:
Plastics News
Article date:
August 2, 1999
Author:
Copyright

When Huhtamaki Oyj sweetened its offer for Van Leer NV to $1 billion, the Dutch firm finally relented.

The result: Huhtamaki Van Leer, a global packaging powerhouse with sales of 2.8 billion euros ($3 billion).

Espoo, Finland-based Huhtamaki beat four other bidders in the contest for Amstelveen, Netherlands-based Van Leer.

Huhtamaki Van Leer, to be based in Espoo, will be the world's eighth biggest packaging producer, as measured by sales. It will be a global leader in plastic cups and tubs and molded fiber products, and maintain Van Leer's top slot in steel drums and industrial closures.

The combined firm also will be the top ...

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