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Mondi to Buy Two Businesses From Loparex

April 17, 2008 - Mondi said that it has entered an agreement with Loparex to acquire two of Loparex's manufacturing operations (Lohja, Finland and Glossop, UK), two converting terminals (Poland and Thailand) and its European sales network.

The sale price of the deal was not disclosed.

The acquired operations employ around 500 workers and will be a good strategic fit for both its Kraft Paper and Release Liner business units, Mondi said.

Closing of the agreement remains subject to regulatory approval.

SOURCE: Mondi




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