Member News

The Bangor Savings Bank Foundation believes in giving back to our communities, and believe that by focusing on the needs that matter most to our neighbors and friends, they matter more in the daily lives of their fellow community members. The Bangor Savings Bank Foundation's Community Matters More program has announced it's 2025 grant recipients, which include the following fellow Chamber members:

• $4000 to Winslow Community Food Cupboard
• $1000 to Humane Society Waterville Area

Congratulations to the 2025 Community Matters More grant recipients!

 

Huhtamaki has acquired Zellwin Farms, a privately-owned business located in Zellwood, Florida in the United States. The USD 18 million enterprise value transaction will support Huhtamaki’s growth within the molded fiber industry, specifically for egg cartons and egg flats.

Zellwin Farms has been serving egg producing customers throughout the Southeastern US from a single site for more than 20 years. The annual net sales of the acquired business is approximately USD 20 million. The transaction will benefit Huhtamaki with additional capacity and capabilities in molded fiber packaging.

“This acquisition is attractive for us as legislation in North America continues to shift packaging choices in the egg industry toward more renewable and recyclable options, such as molded fiber. This acquisition will support our aspiration to be a leader in this category, deliver installed capacity to strengthen our manufacturing footprint, and help grow our excellent customer relationships”, says Ann O’Hara, President, North America.

”We have a clear focus on accelerating profitable growth through all levers. Inorganic growth is an important tool for us, and we aim to do it in a disciplined manner in markets and geographies in which we are confident that we can create shareholder value. This margin-enhancing acquisition fits our criteria perfectly and is EPS accretive from year 1”, says Ralf K. Wunderlich, President & CEO of Huhtamaki.

For further information, please contact:
Kristian Tammela, Vice President, Investor Relations, tel. +358 10 686 7058

HUHTAMÄKI OYJ
Corporate Communications

About Huhtamaki
Huhtamaki is a leading global provider of sustainable packaging solutions for consumers around the world. Our innovative products protect on-the-go and on-the-shelf food and beverages, and personal care products, ensuring hygiene and safety, driving accessibility and affordability, and helping prevent food waste. We embed sustainability in everything we do.

Huhtamaki has over 100 years of history and a strong Nordic heritage. Our around 18 000 professionals are operating in 36 countries and 102 locations around the world. Our values are Care Dare Deliver. In 2024 Huhtamaki’s net sales totaled EUR 4.1 billion. Huhtamäki Oyj is listed on the Nasdaq Helsinki and the head office is in Espoo, Finland. Find out more at www.huhtamaki.com. 

Allen Insurance and Financial of Main Street in Waterville has pledged $25,000 to the capital campaign to expand the Harold Alfond Cener for Cancer Care, a project made necessary by increasing patient need. “Access to high-quality cancer treatment close to home is essential, and this project will make a meaningful difference for patients and their families in our community," said Jill Lang, marketing director at Allen Insurance and Financial. “We are sincerely proud to support this project.”
This pledge reflects Allen’s deep-rooted commitment to community well-being and support for health-related initiatives. An employee-owned company, Allen aligns its corporate giving philosophy to support organizations that enhance the health and economic vitality of their region.
Pictured here are, at left, Martha Wentworth a member of Allen’s Waterville business insurance team and Jill Lang, right, from marketing director at Allen. With them is Nicole McSweeney, Chief Marketing and Philanthropy Officer at MaineGeneral Health. The photo was taken in part of the construction zone at MaineGeneral’s Harold Alfond Center for Cancer Care.
Allen Insurance and Financial is an employee-owned insurance, employee benefits and financial services company with offices in Rockland, Camden, Belfast, Southwest Harbor and Waterville. Online at AllenIF.com

The 2025 Scholarship Application Deadline has now passed. We want to thank all the students who took the time to apply for this year’s scholarship opportunity. The scholarship committee is currently reviewing each submission carefully. We are inspired by the dedication and passion shown by our applicants, and we look forward to announcing the two recipients of the $2,500 scholarships in the coming weeks. Please stay tuned for updates here, on our website, and social media channels.

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