MONDI GROUP ACQUISITION

Mondi Group has signed an agreement to acquire the Simet SA corrugated plant located in Grabonóg, near Poznan in Poland. The plant produces a wide range of flexo printed packaging including American cases, die-cut and multipoint glued boxes. The acquisition is subject to Polish competition clearance and other customary conditions. Mondi intends to acquire Simet and upgrade the plant to a high efficiency box plant and will transfer its expertise in the production of corrugated board and speciality packaging to the Grabonóg plant. With this acquisition, Mondi will have six box plants in Poland. Mondi’s Corrugated Packaging business segment, part of the Fibre Packaging business unit, currently operates 14 box plants in Central and Emerging Europe. Armand Schoonbrood, COO Mondi Corrugated Packaging, commented, “This acquisition improves our customer offer in Poland and strengthens our market position. The plant fits well with our growth strategy.”

Source from Brunton Publications