https://newsletter.en.creamermedia.com
Industrial|Packaging|Paper|Sustainable|Packaging
Industrial|Packaging|Paper|Sustainable|Packaging
industrial|packaging-company|paper|sustainable|packaging

Mondi completes acquisition of Turkish corrugated packaging company

1st June 2021

By: Simone Liedtke

Creamer Media Social Media Editor & Senior Writer

     

Font size: - +

Paper and packaging company Mondi on June 1 confirmed that it had completed the acquisition of 90.38% of the outstanding shares in Olmuksan International Paper for €66-million.

The implied enterprise value on a 100% basis would amount to about €88-million.

Acquired from International Paper, Olmuksan is a well-established corrugated packaging player in Turkey and is listed on the Istanbul Stock Exchange.

It has a network of five plants, which Mondi said “provides a diverse customer base with high-quality sustainable packaging for food, beverage, agriculture and industrial applications”.

Mondi CEO Andrew King commented that the acquisition “significantly strengthens” the company’s position in the fast-growing Turkish corrugated market and expands its offering to existing and new customers in the region.

Mondi will now launch a mandatory tender offer to acquire the remaining 9.62% of outstanding shares in the company that it does not already own.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Showroom

Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 
Rentech
Rentech

Rentech provides renewable energy products and services to the local and selected African markets. Supplying inverters, lithium and lead-acid...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (15/11/2024)
15th November 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:2.95 3.059s - 210pq - 2rq
Subscribe Now