Huhtamaki refinances debt with US$173M new loan

FINLAND – Huhtamaki, a leading global provider of sustainable packaging solutions for consumers around the world, has secured a US$173m (€150m) freely transferable loan (Schuldschein) targeting institutional investors.

The loan agreement is divided into two floating and two fixed-rate tranches with maturities of five and seven years.

The Huhtamaki Group intends to use this fund to facilitate refinancing and support general corporate activities within.

Huhtamaki has also announced a leadership change, as Johan Rabe, executive vice president of digitalisation and process performance and a member of the global executive team, will be leaving the company to pursue new career opportunities. This change in leadership could bring new perspectives and strategies to the company, contributing to its growth and development.

Following the changes, Johan Rabe has pledged to support a seamless transition until the end of this year, after which a new successor will be appointed.

With this acquisition, Huhtamaki is well-positioned to respond to market shifts while advancing its sustainability goals and strengthening its supply chain resilience.

In April 2025, Huhtamaki expanded its molded fiber footprint with the US$18M acquisition of Zellwin Farms Company.

The US$18 million acquisition aimed to strengthen Huhtamaki’s position in the North American molded fiber market, particularly in the egg carton and egg flat segment.

The acquisition anticipated to improve Huhtamaki’s capacity and technical capabilities in molded fiber packaging, enabling it to serve better the growing demand for renewable and recyclable packaging alternatives.

The acquisitions align with Huhtamaki’s ongoing strategy to lead the transition toward sustainable packaging and follow earlier investments to modernise and expand its operations.

Huhtamaki has over 100 years of history and a strong Nordic heritage, with approximately 18,000 professionals operating in 36 countries and 102 locations worldwide. 

In January 2025, The Egyptian Cabinet granted a golden license to Huhtamaki Egypt, enabling the establishment and operation of a new fiberboard packaging factory.

The acquisitions made by Huhtamaki are a clear demonstration of the company’s unwavering commitment to sustainability, both in its operations and product offerings. This inspiring vision guides the company’s every move, ensuring a brighter, greener future for all.

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