Mondi Group signs agreement to acquire two Walki Group extrusion coatings sites
Mondi Group confirms that it has signed an agreement with Walki Group, subject to competition clearance, to acquire two of its extrusion coating plants located in Pietarsaari, Finland and Wroclaw, Poland for a consideration of EUR 60m on a debtand cash-free basis.
“The acquisition will strengthen Mondi Group’s position in the European extrusion coatings market and increase the range of technical capabilities on offer to customers. These two plants fit well with Mondi’s strategy to invest in high-quality competitive operations.” stated Peter J Oswald, CEO Mondi Europe & International.
“We are looking forward to working with our new colleagues in Pietarsaari, which is one of Europe’s largest extrusion coatings plants. We will have much to learn from each other and our aim is to continue providing the high level of service our customers and suppliers expect,” said Jussi Vanhanen, CEO Fibre Packaging, Mondi Europe & International.
Mondi currently has a network of five plants in its extrusion coatings business segment, which is part of the Fibre Packaging business unit. Mondi is a global supplier of film- and paper-based solutions tailored to our customers’ needs.
The extrusion coatings business offers high-quality, cost- and energy-efficient technical solutions for various industries, including automotive, building, food, industrial paper and packaging, medical and pharmaceutical.
More information:www.mondigroup.com
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