Mondi completes acquisition of Western Europe packaging facilities
JSE-listed packaging and paper producer Mondi has completed the acquisition of the Western Europe packaging assets of Schumacher Packaging.
The deal effectively expands Mondi’s footprint and enhances its customer offering, while creating a strong platform for further growth.
The acquisition complements Mondi’s existing network of corrugated solution plants across Central and Eastern Europe by adding corrugated converting and solid board operations in Germany, Benelux and the UK.
The new plants add more than one-billion square metres of capacity when fully operational, including two mega box plants at Ebersdorf and Greven, in Germany.
Mondi group CEO Andrew King says the acquisition significantly strengthens the company’s corrugated packaging business, extending its footprint in Western Europe and offering strong vertical integration opportunities.
"We are delighted to welcome our new Schumacher Packaging colleagues to Mondi.
“Together, we will expand our e-commerce and fast-moving consumer goods offerings, particularly in Western Europe, presenting exciting opportunities to introduce the group's unique range of products to a wider array of customers as they increasingly transition towards more sustainable packaging solutions."
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