Acquisitions

Mondi completes the acquisition of NPP

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Following on from the announcement made on 30 April 2018, Mondi confirms that all the conditions have been met, thus managing to complete the acquisition of National Company for Paper Products and Import & Export SAE, for a total amount of 5 million Egyptian pounds (about 24 million euros) on debt and without cash.

NPP manages an industrial bag plant in Giza, near Cairo (Egypt), serving regional customers. The activity will be integrated into Mondi’s Fibre Packaging Business Unit, which is a leading producer of industrial bags, with four factories in the Middle East.

«We are excited to have completed this acquisition, which integrates our existing network in the growing region of the Middle East and allows us to increase growth in our activity and better serve our customers», comments Erik Bouts, CEO of fibre packaging, Mondi Group.

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