Mondi completes acquisition of Nordenia

- Mondi satisfies conditions of purchase to complete takeover

 

- Acquisition offers opportunity to create a leading consumer packaging business

 

Mondi Group has completed the acquisition of 99.93 percent of Nordenia International AG.

 

Mondi announced the acquisition earlier this summer, but has now confirmed that all conditions have been satisfied, and as such has completed the purchase of 99.93 percent of the outstanding share capital of Nordenia from funds managed by Oaktree Capital Management, and minority shareholders for a final cash consideration of €259 million.

 

Nordenia is an international supplier of consumer packaging solutions and hygiene components, with 12 fully invested operating facilities located in seven countries across Europe, North America and Asia.

 

Additionally, a wholly-owned greenfield plant currently being constructed in China is expected to begin operating in early 2014.

 

Mondi said the acquisition of Nordenia offers it 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.

 

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