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Huhtamaki acquires full ownership of HTP Australia

Huhtamaki has acquired full ownership of Huhtamaki Tailored Packaging (HTP), the Australian foodservice packaging distribution and wholesale group. Source: Timberbiz

HTP employs more than 130 people and is one of the largest importers and distributors of foodservice packaging in Australia serving a wide network of customers including metropolitan and regional packaging wholesalers, food wholesalers, club and hospitality suppliers, and national quick service restaurant businesses.

Huhtamaki acquired a majority stake in the business in 2018 and held approximately 76% of the company prior to this transaction.

The business has been reported as part of the Foodservice Europe-Asia-Oceania business segment since the beginning of operations in 2018.

Huhtamaki is a leading global provider of sustainable packaging solutions for consumers around the world.