Mondi plc
(Incorporated in England and
Wales)
(Registered number: 6209386)
LEI: 213800LOZA69QFDC9N34
LSE share code:
MNDI ISIN:
GB00B1CRLC47
JSE share code: MNP
1 July 2022
Sale of Personal Care Components
business completed
Mondi plc (‘Mondi’) is pleased to announce that it has completed
the sale of its Personal Care Components business (‘PCC’), part of
the Engineered Materials business unit, to Nitto Denko Corporation
(‘Nitto’) for an enterprise value of €615 million.
Commenting on the transaction, Andrew
King, Group CEO of Mondi, said:
“We are pleased to have completed the sale of PCC to Nitto ahead
of schedule. This enables us to simplify our portfolio and focus on
our strategic priority to grow in sustainable packaging.
I’d like to say a heartfelt thank you to all our colleagues at
PCC for their valuable contribution over the years and we wish them
much success at Nitto.”
The remaining portion of Engineered Materials, Functional Paper
and Films, will become part of Flexible Packaging and reported
within this segment. This strengthens integration along the kraft
paper value chain, enabling us to develop more innovative
functional papers with barrier properties, fulfilling our
customers’ needs for sustainable packaging.
Enquiries
Investors/analysts:
Clara Valera
+44 193 282 6357
Mondi Group Head of Strategy and Investor
Relations
Media:
Kerry
Cooper
+44 788 145 5806
Group Communication Director
Richard Mountain (FTI
Consulting)
+44 790 968 4466
About Mondi
Mondi is a global leader in packaging and paper, contributing to
a better world by making innovative packaging and paper solutions
that are sustainable by design. Our business is integrated across
the value chain – from managing forests and producing pulp, paper
and films, to developing and manufacturing effective industrial and
consumer packaging solutions. Sustainability is at the centre of
our strategy and intrinsic in the way we do business. We lead the
industry with our customer-centric approach, EcoSolutions, where we
ask the right questions to find the most sustainable solution. In
2021, Mondi had revenues of €7.7 billion and underlying EBITDA of
€1.5 billion. Mondi has a premium listing on the London Stock
Exchange (MNDI), and a secondary listing on the JSE Limited (MNP).
Mondi is a FTSE 100 constituent, and has been included in the
FTSE4Good Index Series since 2008 and the FTSE/JSE Responsible
Investment Index Series since 2007.
Sponsor in South Africa:
Merrill Lynch South Africa Proprietary Limited t/a BofA
Securities.