Mondi Group completes acquisition of Powerflute
Mondi has announced that all conditions have been satisfied and it has completed the acquisition of 100 percent of the outstanding shares in Powerflute Group Holdings, a division of Nordic Packaging and Container Holdings, for a total consideration of EUR 365 million on an enterprise value basis. Powerflute operates an integrated pulp and paper mill in Kuopio (Finland) with an annual production capacity of 285,000 tons of semi-chemical fluting. The business will be integrated into Mondi’s Packaging Paper business unit. Click Read More below for additional information.