Mondi PLC Acquisition(s)

 
TIDMMNDI 
 
Mondi plc 
 
(Incorporated in England and Wales) 
 
(Registered number: 6209386) 
 
LEI: 213800LOZA69QFDC9N34 
 
LSE share code: MNDI           ISIN: GB00B1CRLC47 
 
JSE share code: MNP 
 
16 August 2022 
 
Mondi to acquire Duino mill 
 
Mondi plc ('Mondi') has agreed to acquire the Duino mill near Trieste (Italy) 
from the Burgo Group for a total consideration of ?40 million. The mill 
currently operates one paper machine producing lightweight coated mechanical 
paper. Mondi plans to convert this paper machine to produce around 420,000 
tonnes per annum of high-quality recycled containerboard for an estimated 
investment of around ?200 million. 
 
Close to two important export harbours, Duino is ideally located to supply the 
Group's Corrugated Solutions plants in Central Europe and Turkey as well as to 
serve the growing local Italian market. The containerboard machine will 
strengthen backward integration in Corrugated Packaging and provide us with 
security of supply to better serve our customers. 
 
Commenting on the acquisition, Andrew King, Group CEO of Mondi, said: "We are 
excited by this opportunity to invest in the growth of our packaging business, 
build on our integrated platform and broaden our geographic reach." 
 
The acquisition is subject to competition clearance and other closing 
conditions and completion is expected in the second half of the year. 
 
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 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 sustainable consumer and 
industrial packaging solutions using paper where possible, plastic when useful. 
Sustainability is at the centre of our strategy, with our ambitious commitments 
to 2030 focused on circular driven solutions, created by empowered people, 
taking action on climate. 
 
In 2021, Mondi had revenues of ?7.0 billion and underlying EBITDA of ?1.2 
billion from continuing operations, and employed 21,000 people worldwide. Mondi 
has a premium listing on the London Stock Exchange (MNDI), where the Group is a 
FTSE100 constituent, and also has a secondary listing on the JSE Limited (MNP). 
 
mondigroup.com 
 
Sponsor in South Africa: Merrill Lynch South Africa Proprietary Limited t/a 
BofA Securities. 
 
 
 
END

(END) Dow Jones Newswires

August 16, 2022 04:00 ET (08:00 GMT)

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