# Mondi to acquire 90.38% of Turkish corrugated packaging maker Olmuksan from International Paper

Mondi agreed to acquire a 90.38% stake in Olmuksan International Paper Ambalaj, a listed Turkish corrugated packaging producer with five plants, from International Paper for €66 million, with completion expected in the first half of 2021.

- Type: Acquisition
- Announced: 2021-01-04
- Where: Türkiye, Türkiye
- Value: $80.0M (66.0M EUR)
- Status: announced
- Capacity: 256 thousand tonnes of corrugated packaging per year
- Products: corrugated packaging, containerboard
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [International Paper](https://endata.com/companies/716.md) (partner)
- [Mondi Group](https://endata.com/companies/896.md) (acquirer)
- [Olmuksan International Paper Ambalaj](https://endata.com/companies/7442.md) (target)
- [Olmuksan International Paper](https://endata.com/companies/7446.md) (target)

## Sources

- [mondigroup.com](https://www.mondigroup.com/news-and-insight/2021/mondi-to-acquire-olmuksan-a-leading-turkish-corrugated-packaging-player/), 2021-01-04: "Mondi has agreed to acquire 90.38% of the outstanding shares in Olmuksan International Paper Ambalaj Sanayi ve Ticaret A.Ş"
- [prnewswire.com](https://www.prnewswire.com/news-releases/international-paper-reaches-agreement-to-sell-its-corrugated-packaging-business-in-turkey-301200546.html), 2021-01-05: "International Paper has entered into an agreement to sell its 90.38% ownership interest in Olmuksan International Paper to Mondi Group for approximately €66 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.