Mondi agrees to acquire Powerflute for €365 million

Mondi Group signed an agreement to acquire 100% of Powerflute Group Holdings from NPAC Holdings for €365 million on an enterprise value basis. The Kuopio, Finland mill makes 285,000 tons a year of semi-chemical fluting and completion is expected in the first half of 2018.

“Mondi Group has signed an agreement to acquire 100% of the outstanding shares in Powerflute Group Holdings Oy.”packagingsouthasia.com

• 2 sources
• packagingsouthasia.comMondi’s Packaging Paper Unit - Packaging South AsiaDec 22, 2017
• printweek.comPrintweek - Mondi Group to acquire Powerflute - PrintweekJan 5, 2018

Summarized from public sources; check the original articles before acting on it.