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