# Mondi completes acquisition of 90.38% of Turkish packaging maker Olmuksan

Mondi completed the acquisition of a 90.38% stake in Olmuksan International Paper Ambalaj from International Paper for 66 million euros on June 1, 2021. The implied enterprise value on a 100% basis is about 88 million euros.

- Type: Acquisition
- Announced: 2021-05-30
- Where: Türkiye
- Value: $80.6M (66.0M EUR)
- Status: completed
- Capacity: 300,000 tonnes annual converting capacity
- Products: corrugated packaging
- 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](https://endata.com/companies/7449.md) (target)

## Sources

- [mondigroup.com](https://www.mondigroup.com/news-and-insight/2021/mondi-completes-acquisition-of-olmuksan/), 2021-05-30: "Mondi confirms that all conditions have been satisfied and it has completed the acquisition of 90.38% of the outstanding shares in Olmuksan"
- [engineeringnews.co.za](https://www.engineeringnews.co.za/article/mondi-completes-acquisition-of-turkish-corrugated-packaging-company-2021-06-01), 2021-06-01: "Mondi confirms that all conditions have been satisfied and it has completed the acquisition of 90.38% of the outstanding shares in Olmuksan."
- [listcorp.com](https://www.listcorp.com/jse/mnp/mondi-plc/news/mondi-completes-acquisition-of-olmuksan-2547903.html), 2021-06-01: "Mondi confirms that all conditions have been satisfied and it has completed the acquisition of 90.38% of the outstanding shares in Olmuksan."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/mondi-olmuksan-international-paper/), 2021-06-01: "Mondi confirms that all conditions have been satisfied and it has completed the acquisition of 90.38% of the outstanding shares in Olmuksan."

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