Mondi Completes Acquisition of Nordenia For €259 Million
Published on Oct 4 2012 2:24 PM in Packaging And Design
International packaging and paper group Mondi has completed its acquisition of German flexibles group Nordenia International for €259 million.
Mondi said all the conditions have been satisfied and the acquisition of 99.93 per cent of the outstanding share capital of Nordenia from funds managed by Oaktree Capital Management has been completed.
Mondi 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.”
The Mondi Group is listed on both the London and Johannesburg stock exchanges and currently has production facilities across 29 countries, with revenues of €5.7 billion. (4 Oct)
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