Mondi completes acquisition of Powerflute

P&PC staff
June 04, 2018
By P&PC staff
June 4, 2018 – The Mondi Group has completed the acquisition of Powerflute.

All conditions related to the acquisition have been satisfied, Mondi reports. One hundred per cent of the outstanding shares of Powerflute have been acquired for a total consideration of €365 million on an enterprise value basis.

Powerflute operates an integrated pulp and paper mill in Kuopio, Finland, with an annual production capacity of 285,000 tons of high-performance semi-chemical fluting. The business will be integrated into Mondi’s Packaging Paper business unit.

“We are excited to have completed this acquisition, which supports our strategy of investing in high-quality packaging and paper assets, further broadens our containerboard product range, and extends our geographic reach,” Mondi Group CEO Peter Oswald said.

Powerflute Group Holdings Oy, was a division of Nordic Packaging and Container Holdings.

Add comment

Disclaimer
Note: By submitting your comments you acknowledge that Pulp and Paper Canada has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that due to the volume of e-mails we receive, not all comments will be published and those that are published will not be edited. However, all will be carefully read, considered and appreciated.


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine Renew

Most Popular

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.