Powerflute

Mondi completed its acquisition of 100% of Powerflute Group Holdings Oy, a division of Nordic Packaging and Container Holdings, for EUR 365 million on an enterprise value basis. The Kuopio mill produces 285,000 tonnes of semi-chemical fluting annually.

Mondi Group signed an agreement to acquire 100% of Powerflute Group Holdings from NPAC Holdings for €365 million on an enterprise value basis. The Kuopio, Finland mill makes 285,000 tons a year of semi-chemical fluting and completion is expected in the first half of 2018.