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Mondi completes acquisition of Nordenia

2 Oct 2012

Pulp‚ paper and packaging group‚ Mondi Group (MND)‚ on announced its successful acquisition of Nordenia International‚ a worldwide operating manufacturer of flexible packaging‚ technical films‚ and product components; for €259 million.

Mondi said all the conditions have been satisfied and the acquisition of 99.93% of the outstanding share capital of Nordenia International from funds managed by Oaktree Capital Management has been completed.

"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 group said.

Source: I-Net Bridge

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