# Mondi to acquire Duino paper mill near Trieste from Burgo Group for €40M

Mondi agreed to acquire the Duino mill near Trieste, Italy, from Burgo Group for a total consideration of €40 million. Completion is expected in the second half of 2022, subject to competition clearance.

- Type: Acquisition
- Announced: 2022-08-01
- Where: Duino, near Trieste, Italy
- Value: $40.8M (40.0M EUR)
- Status: announced
- Capacity: Current lightweight coated mechanical paper machine
- Products: lightweight coated mechanical paper, recycled containerboard
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Mondi Group](https://endata.com/companies/896.md) (acquirer)
- [Burgo Group](https://endata.com/companies/3785.md) (partner)

## Sources

- [mondigroup.com](https://www.mondigroup.com/news-and-insight/2022/mondi-to-acquire-duino-mill/), 2022-08-15: "Mondi plc (‘Mondi’) has agreed to acquire the Duino mill near Trieste (Italy) from the Burgo Group for a total consideration of €40 million."
- [euwid-paper.com](https://www.euwid-paper.com/news/companies/mondi-to-take-over-burgos-duino-mill-and-convert-it-to-containerboard-production-170822/), 2022-08-16: "Mondi will buy the Duino LWC mill and produce 420,000 tpy of recycled containerboard there in the future."
- [sustainabilitymea.com](https://www.sustainabilitymea.com/mondi-completes-us43m-acquisition-of-burgos-duino-paper-mill-in-italy/), 2023-01-14: "Mondi has completed the acquisition of the Duino paper mill in Italy from Burgo Group in a deal work €40 million ($43.3 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.