# Mondi sells personal care components unit to Nitto Denko for 615 million euros

Mondi agreed to sell its personal care components business, which makes components for baby wipes and diapers, to Japan's Nitto Denko for 615 million euros ($699 million). The sale lets Mondi focus on its packaging division.

- Type: Acquisition
- Announced: 2022-02-17
- Value: $699.0M (615.0M EUR)
- Status: announced
- Products: personal care components, baby wipe components, diaper components
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Mondi Group](https://endata.com/companies/896.md) (partner)
- [Nitto Denko](https://endata.com/companies/8928.md) (acquirer)

## Sources

- [euronews.com](https://www.euronews.com/2022/02/17/mondi-nitto-denko), 2022-02-17: "British paper and packaging firm Mondi said on Thursday it would sell its personal care components business to Japan's Nitto Denko Corp for 615 million euros ($699 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.