Aug 17, 2007

Mondi Group Announces Expansion

The Mondi Group has announced it intends to buy Unterland Flexible Packaging, based in Austria, and will also acquire a majority interest in Turkish packaging company Tire Kutsan.

The transactions, which are subject to regulatory approval, are expected to be completed before the end of the third quarter.

Mondi CEO David Hawthorn says the acquisitions will further strengthen the company's corrugated and flexible packaging sectors of the packaging business.
Source: packaging-technology

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