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,
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
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
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