# 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.

- Type: Acquisition
- Announced: 2017-12-22
- Where: Kuopio, Finland
- Value: $431.0M (365.0M EUR)
- Status: announced
- Capacity: 285,000 tons per year
- Products: semi-chemical fluting, containerboard
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Mondi Group](https://endata.com/companies/896.md) (acquirer)
- [Powerflute](https://endata.com/companies/2595.md) (target)
- [NPAC Holdings](https://endata.com/companies/2596.md) (partner)

## Sources

- [packagingsouthasia.com](https://packagingsouthasia.com/packaging-production/powerflute-to-be-integrated-in-mondis-packaging-paper-unit/), 2017-12-22: "Mondi Group has signed an agreement to acquire 100% of the outstanding shares in Powerflute Group Holdings Oy."
- [printweek.com](https://www.printweek.com/content/news/mondi-group-to-acquire-powerflute), 2018-01-05: "Global paper manufacturer Mondi Group is set to acquire Finland-headquartered containerboard manufacturer Powerflute from Nordic Packaging and Container (NPAC) Holdings in a deal worth €365m (£326m)."

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