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Indorama Ventures (IVL) acquired a 74% share of Egypt-based PET preforms maker Medco Plast, which has annual capacity of 70,000 metric tonnes. The deal was reported on 15 November 2018.
Mondi has acquired a 96% interest in Egyptian industrial bags producer Suez Bags for EGP 284 million ($15.88 million), to be integrated into its Fibre Packaging business.
Mondi Group completed the acquisition of National Company for Paper Products and Import & Export (NPP) for EGP 510 million (about EUR 24 million), adding an industrial bags plant in Giza near Cairo.
Mondi agreed to acquire a privately owned industrial bags maker operating in Egypt for €23.7m (£20.9m), reported on 30 April 2018.