# 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.

- Type: Acquisition
- Announced: 2018-06-01
- Where: Kuopio, Finland
- Value: $427.0M (365.0M EUR)
- Status: completed
- Capacity: 285,000 tonnes per year of semi-chemical fluting
- 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)
- [Nordic Packaging and Container Holdings](https://endata.com/companies/3383.md) (partner)

## Sources

- [mondigroup.com](https://www.mondigroup.com/news-and-insight/2018/mondi-group-completes-acquisition-of-powerflute/), 2018-05-31: "Mondi confirms that all conditions have been satisfied and it has completed the acquisition of 100% of the outstanding shares."
- [freshplaza.com](https://www.freshplaza.com/north-america/article/2195851/mondi-group-acquires-powerflute-for-eur365-million/), 2018-06-05: "Mondi Group has completed the acquisition of Nordic Packaging and Container Holdings subsidiary Powerflute Group, in a deal worth €365 million."

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