Mondi has acquired Schumacher Packing’s assets in Western Europe in a deal valued at £532m. This includes corrugated and solid board converting plants and mills in central and Eastern Europe with a single plant in Birmingham.
Mondi Group CEO Andrew King said: “Our focus is on investing to meet the growing market demand for sustainable packaging while driving value for our stakeholders. This acquisition significantly increases our corrugated converting capacity, extends our reach across Western Europe, and offers strong downstream integration opportunities, while broadening our customer offering with a complementary fibre-based product range.”
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