The international manufacturer of packaging and paper, Mondi Group www.mondigroup.com has announced that it has signed an agreement for the purchase of 100% of the shares in circulation of the Egyptian national company which supplies paper products for a total of 23.7 million euros.
NPP is an industrial manufacturer of bags, which manages a factory in Giza, near Cairo, and mainly serves regional customers.
Mondi is the main industrial manufacturer of bags in the Middle East, which manages four factories in the region.
“The acquisition of NPP”, states Erik Bouts, CEO of Fiber Packaging in the Mondi group, “completes our network of installations in the growing region of the Middle East and puts us in a leading position in Egypt to develop our activity and better serve our customers”.