Mondi Coatings acquires US coating plant

Mondi Akrosil has entered into an asset agreement with Nitto Americas regarding its recently discontinued facility (to be named Mondi Kenosha) in Pleasant Prairie, Wisconsin, USA. The transaction is subject to the normal procedures and conditions, including completion of the due diligence process and regulatory clearances.  

Thomas K. Schäbinger, CEO of Mondi Coatings, said: ‘This acquisition enables Mondi Kenosha to add nearly 4.8 billion square feet (450 million square meters) of highly competitive capacity and it will complement the existing facilities in Menasha, Wisconsin and Lancaster, Ohio. This investment proves, once again, Mondi’s commitment to the growing North American release liner market and will enable us to increase the pace and quality of our service.’ 

Mondi will purchase the 168,000 square foot building, 60 acres of land, and other outstanding assets. The new facility provides ample room for expansion and includes two flexible coating lines. ‘This deal benefits our customers with a broader product portfolio and shorter delivery times,’ said Mark Rostagno, VP of Mondi Akrosil.  

Mondi intends to develop the Kenosha facility into Mondi’s leading plant for specialized release liners in the US market and beyond. ‘This investment supports our goal of becoming the leading merchant release liner supplier in North America – this capacity increase has become necessary to meet customer service level expectations in our expanding business,’ explained Thomas K. Schäbinger.  

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