Mondi Group agrees to sell Consumer Packaging facility in Germany
Tuesday, August 11, 2015 1:30 pm
Mondi announced that it has signed an agreement with POLIFILM Extrusion GmbH, to sell Mondi's film manufacturing site in Osterburken, Germany; subject to competition clearance.
The sale will enable Mondi to refine its product portfolio and move away from supplying films to competitors of its Consumer Packaging business. POLIFILM offers a complementary product portfolio to Mondi Osterburken GmbH, which mainly produces polyethylene laminating films and household cling films.
Mondi's consumer packaging business offers quality consumer packaging, hygiene components and release liner.
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