Mondi completes EUR 365M acquisition of Finland's Powerflute

Mondi completed its acquisition of 100% of Powerflute Group Holdings Oy, a division of Nordic Packaging and Container Holdings, for EUR 365 million on an enterprise value basis. The Kuopio mill produces 285,000 tonnes of semi-chemical fluting annually.

“Mondi confirms that all conditions have been satisfied and it has completed the acquisition of 100% of the outstanding shares.”mondigroup.com

• 2 sources
• mondigroup.comMondi Group completes acquisition of PowerfluteMay 31, 2018
• freshplaza.comMondi Group acquires Powerflute for €365 millionJun 5, 2018

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