Mondi completes acquisition of Nordenia

published 1 October 2012

Paper and packaging group Mondi said that all conditions have now been satisfied for the acquisition of flexible packaging firm Nordenia International.

Mondi is paying €259m in cash for 99.93% of the outstanding share capital of Nordenia International AG from funds managed by Oaktree Capital Management, LP1 and minority shareholders.

"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," Mondi said.