Mondi Group acquires Nordenia International
Mondi Group, an international paper and packaging company, has agreed to acquire 93.4 percent of Nordenia International for 240 million euros.
Nordenia is an international supplier of consumer packaging and hygiene components with 12 operating facilities located in seven countries across Europe, North America and Asia. Additionally, a wholly owned greenfield plant currently being constructed in China is expected to begin operating in early 2014.
The acquisition is expected to be completed in the fourth quarter of 2012, subject to customary conditions.
David Hathorn, chief executive of Mondi Group, said: ‘The acquisition of Nordenia offers Mondi Group a unique opportunity to create a leading consumer packaging business, build on long term customer relationships across both businesses and establish a platform to expand further in high‐growth emerging markets.’
Following the completion of the acquisition, Mondi Group will reorganize its Europe and International Division into four businesses. These will be Uncoated Fine Paper (UFP), Packaging Papers, Fiber Packaging and Consumer Packaging. Nordenia will form part of the Consumer Packaging business which will be led by Ralph Landwehr.
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