Feb. 5, 2024 - Mondi has completed the acquisition of Hinton Pulp mill in Alberta, Canada, from West Fraser Timber Co. for a total consideration of USD 5 million.
Mondi first announced its intention to acquire the mill in July of 2023.
The mill has the capacity to produce around 250,000 tonnes of unbleached kraft pulp (UKP) pulp per year and will provide the Mondi Group with access to local, high-quality fiber from a well-established wood basket as part of a long-term partnership with West Fraser.
Mondi intends to invest in the mill to improve productivity and sustainability performance and, subject to pre-engineering and permitting, invest in expanding the facility primarily with a new kraft paper machine, which will integrate its paper bag operations in the Americas to support future growth.
Commenting on the acquisition, Andrew King, Mondi Group CEO, said, "We are delighted to welcome our new colleagues from Hinton Pulp mill to Mondi and look forward to working together to secure the mill's future and support Mondi's growth in North America with our portfolio of sustainable packaging."
Mondi is a global leader in packaging and paper. The Group is integrated across the value chain — from managing forests and producing pulp, paper and films, to developing and manufacturing sustainable consumer and industrial packaging solutions using paper where possible, plastic when useful.
SOURCE: Mondi plc
Read a related article: Mondi to Acquire Hinton Pulp Mill from West Fraser for USD 5 Million - July 10, 2023.
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