Huhtamaki Continues Tableware and Foodservice Expansion with Acquisition of Winterfield, LLC
Third U.S. Acquisition in 12 Months Expands Huhtamaki's North American Pressed Paperboard Plate Product Line
DE SOTO, Kan., Aug. 30, 2012 /PRNewswire/ -- Huhtamaki, a global leader in specialty and paperboard packaging, today announced it has acquired the business and assets of Winterfield, LLC, a privately held manufacturer of disposable paper tableware. The acquisition is Huhtamaki's third growth-focused transaction in the United States within the past 12 months, following the acquisitions of Paris Packaging and Ample Industries.
Winterfield, LLC employs approximately 100 people in two Marion, IN plants and adds printed plate capability to Huhtamaki North America's pressed paperboard plate offering, in addition to a talented workforce and expanded manufacturing presence in the Midwest.
"The addition of Winterfield's plain, coated and printed paper plates and cups demonstrates Huhtamaki's commitment to grow its product portfolio of tableware, cups, containers, carriers, and serviceware for retail and foodservice customers across North America," says Clay Dunn, president, Huhtamaki North America.
"Joining Huhtamaki gives our tableware the backing of a global company with a broad product range, strong management and financial stability," says William Lester, president, Winterfield, LLC. "This acquisition is good news for both our customers and employees as it creates opportunities to introduce our products to new customers and expand relationships with our current customers."
"Our North American growth strategy is focused on improving our offering to serve the evolving needs of customers for tableware in the foodservice and retail markets," says Dunn. "We will continue to look for new ways to increase our position with these customers through our product offerings, technologies, distribution and service."
Huhtamaki North America is a leading manufacturer of consumer goods packaging as well as tableware, cups, folding cartons, containers, carriers, trays and serviceware for the foodservice industry and retail markets. Our product portfolio includes Chinet®, the leading brand of premium tableware. Huhtamaki North America employs approximately 3,300 people in 15 manufacturing units. The parent company, Huhtamaki Oyj, has its head office in Espoo, Finland and its shares are quoted on the NASDAQ OMX Helsinki Ltd. Additional information is available at www.huhtamaki.com.
About Winterfield, LLC
Winterfield, LLC is a manufacturer of disposable paper tableware, offering customers in the retail and foodservice markets a complete line of uncoated economy white plates, coated white plates and decorated plate and cup products. Winterfield's broad product line and highly efficient production processes enable the company to offer attractive and functional products that fulfill customers' needs. The company is located in Marion, IN. Additional information is available at www.winterfieldllc.com.
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