# Mondi completes merger of Mondi Tire Kutsan and Mondi Olmuksan in Türkiye

Mondi completed the merger of Mondi Tire Kutsan and Mondi Olmuksan in Türkiye, effective 30 September 2022, creating Mondi Turkey Oluklu Mukavva, which runs nine corrugated plants, a containerboard mill in Tire and a waste paper facility in Adana.

- Type: Acquisition
- Announced: 2022-09-29
- Where: Türkiye, Türkiye
- Jobs: 1,600
- Status: completed
- Capacity: nine corrugated packaging plants and a containerboard mill
- Products: corrugated packaging, containerboard

## Companies

- [Mondi Group](https://endata.com/companies/896.md)
- [Mondi Turkey Oluklu Mukavva](https://endata.com/companies/9745.md)
- [Mondi Tire Kutsan](https://endata.com/companies/9758.md)
- [Mondi Olmuksan](https://endata.com/companies/9759.md)
- [Mondi Group](https://endata.com/companies/896.md) (acquirer)
- [Mondi Tire Kutsan](https://endata.com/companies/9758.md) (acquirer)
- [Mondi Tire Kutsan](https://endata.com/companies/9758.md) (partner)
- [Mondi Olmuksan](https://endata.com/companies/9759.md) (partner)
- [Mondi Olmuksan](https://endata.com/companies/9759.md) (target)

## Sources

- [mondigroup.com](https://www.mondigroup.com/news-and-insight/2022/mondi-completes-merger-of-mondi-tire-kutsan-and-mondi-olmuksan-in-turkiye/), 2022-09-29: "Mondi confirms that all conditions have been satisfied and the merger of Mondi Tire Kutsan and Mondi Olmuksan will come into effect from 30 September 2022."
- [packaging-gateway.com](https://www.packaging-gateway.com/news/mondi-merger-business/), 2022-10-03: "Mondi has completed a merger of its Mondi Tire Kutsan and Mondi Olmuksan businesses."
- [paperfirst.info](https://www.paperfirst.info/mondi-completes-merger-of-mondi-tire-kutsan-and-mondi-olmuksan-in-turkey/), 2022-10-03: "We are delighted to have completed this merger, which significantly strengthens our position in the fast-growing Turkish corrugated market"
- [ceelegalmatters.com](https://ceelegalmatters.com/turkey/21267-paksoy-advises-mondi-on-merger-of-its-corrugated-packaging-companies-in-turkey), 2022-10-14: "The new entity will operate nine corrugated production plants in Turkey, employ more than 1,600 people, and continue to be listed on Borsa Istanbul."
- [paperindustryworld.com](https://www.paperindustryworld.com/mondi-tire-kutsan-and-mondi-olmuksan-merged-in-a-new-entity/), 2022-10-24: "Multinational packaging and paper company Mondi has completed a merger of its Mondi Tire Kutsan and Mondi Olmuksan businesses."

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