# Mondi to acquire Schumacher Packaging's Western European corrugated assets for €634M

Mondi agreed to acquire the German, Benelux and UK corrugated converting and solid board operations of Schumacher Packaging, including two mega-box plants in Germany at Ebersdorf and Greven. The enterprise value is €634 million, financed from existing facilities.

- Type: Acquisition
- Announced: 2024-09-10
- Where: Ebersdorf and Greven, Germany
- Value: $697.4M (634.0M EUR)
- Status: announced
- Capacity: over 1 billion square meters of corrugated capacity when fully operational
- Products: corrugated packaging, solid board
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Schumacher Packaging](https://endata.com/companies/627.md) (target)
- [Mondi Group](https://endata.com/companies/896.md) (acquirer)

## Sources

- [stockopedia.com](https://www.stockopedia.com/share-prices/mondi-LON:MNDI/news/reg-mondi-plc-mondi-to-acquire-western-europe-packaging-assets-of-schumacher-packaging-urn:newsml:reuters.com:20241009:nPRr99634a/), 2024-09-10: "Mondi plc has entered into an agreement to acquire the German, Benelux and UK corrugated converting and solid board operations of Schumacher Packaging"
- [packagingnews.co.uk](https://www.packagingnews.co.uk/news/business/mergers-acquisitions/mondi-agrees-e634m-mega-deal-to-buy-corrugated-plants-from-schumacher-packaging-08-10-2024), 2024-10-08: "Mondi has agreed a €634m (£531m) deal to acquire the German, Benelux and UK corrugated converting and solid board operations of Schumacher Packaging."
- [mondigroup.com](https://www.mondigroup.com/news-and-insight/2024/mondi-to-acquire-western-europe-packaging-assets-of-schumacher-packaging/), 2024-10-08: "Enterprise value of €634 million, to be financed from existing facilities."
- [voxmarkets.com](https://www.voxmarkets.com/articles/mondi-snaps-up-schumacher-packaging-assets-in-western-europe-ca0584b), 2024-10-09: "The assets, purchased for an undisclosed sum, generated €66m in adjusted EBITDA in 2023."
- [reuters.com](https://www.reuters.com/markets/deals/uks-mondi-bets-western-europe-with-695-mln-deal-schumacher-packagings-assets-2024-10-09/), 2024-10-09: "British paper and packaging firm Mondi has agreed to buy the German, Benelux and UK packaging assets of Schumacher Packaging for 634 million euros ($695.6 million), including debt."
- [euwid-paper.com](https://www.euwid-paper.com/news/companies/mondi-to-acquire-western-europe-packaging-assets-of-schumacher-packaging-091024/), 2024-10-09: "The transaction, which is subject to certain customary regulatory approvals, is expected to close in the first half of 2025."
- [packaginginsights.com](https://www.packaginginsights.com/news/mondi-acquires-schumacher-packaging-assets-to-expand-european-foothold.html), 2024-10-09: "The acquisition includes seven corrugated converting plants, two solid board mills and four solid board converting plants, adding over one billion square meters of capacity once fully operational."
- [packagingreporter.com](https://packagingreporter.com/materials/mondi-to-acquire-schumacher-packagings-western-europe-assets-expanding-corrugated-footprint/), 2024-10-09: "The acquisition, valued at EUR634m, covers Schumacher's corrugated converting and solid board operations in Germany, Benelux, and the UK."
- [printweek.com](https://www.printweek.com/content/news/mondi-returns-to-ma-fray-with-500m-plus-schumacher-buy), 2024-10-09: "The acquisition has an enterprise value of €634m (£531m) and encompasses Schumacher's corrugated converting and solid board operations in the UK, Benelux and Germany."
- [borderless.net](https://www.borderless.net/news/advanced-industrial-solutions/mondi-expands-footprint-with-e634m-schumacher-packaging-acquisition/), 2024-10-13: "With an enterprise value of €634 million, the deal is set to expand Mondi's corrugated footprint in Western Europe"
- [flexotechmag.com](https://www.flexotechmag.com/news/66719/mondi-to-expand-corrugated-footprint-with-acquisition/), 2024-10-15: "Mondi is to acquire the German, Benelux and UK corrugated converting and solid board operations of Schumacher Packaging for a value of €634 million (£529 million)."
- [ceelegalmatters.com](https://ceelegalmatters.com/austria/27755-freshfields-and-a-o-shearman-advise-on-mondi-s-acquisition-of-schumacher-packaging-s-european-operations), 2024-10-16: "Freshfields has advised Mondi Group on its acquisition of the German, Benelux, and UK operations of Schumacher Packaging Group."
- [euwid-paper.com](https://www.euwid-paper.com/news/companies/eu-commission-clears-mondis-acquisition-of-schumacher-packgaging-operations/), 2025-03-27: "Mondi and Schumacher announced the transaction in October 2024 and expect it to be finalised during the first half of this year."
- [compasslexecon.com](https://www.compasslexecon.com/cases/mondi-expands-with-634-million-acquisition-of-schumacher-packagings-western-europe-assets), 2025-05-05: "The European Commission cleared the transaction at the end of March 2025."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.