Mondi expands European footprint with Schumacher Packaging acquisition
Mondi PLC (JSE:MNP), a global leader in sustainable packaging and paper, has completed its acquisition of the Western Europe Packaging Assets of Schumacher Packaging. This strategic move expands Mondi's footprint and enhances its customer offering in the region. The acquired assets include corrugated converting and solid board operations in Germany, Benelux, and the UK, adding over 1 billion square meters of capacity once fully operational. These operations include two state-of-the-art mega box plants located at Ebersdorf and Greven (Germany). Mondi's CEO, Andrew King, highlighted that the acquisition strengthens Mondi's corrugated packaging business, extending its reach in Western Europe and offering strong vertical integration opportunities. In 2024, Mondi reported revenues of EUR7.4 billion and underlying EBITDA of EUR1.0 billion.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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