Huhtamaki has sold its confectionary trademark portfolio
Huhtamaki has sold its confectionary trademark portfolio to Highlander Partners, a US based investment firm. Related to the sale, an after taxes gain of approximately USD 16 million will be booked as an item affecting comparability (IAC) during the second quarter of 2018.
The sold trademark portfolio was related to Huhtamaki’s confectionary business divested in 1996.
Investment bank Fredericks Michael & Co served as the financial advisor to Huhtamaki