Mondi Sells Film Production to Narrow Packaging Product Portfolio

 

According to a report this past week by Neue Verpackung, Heidelberg, Germany, global paper and packaging producer Mondi, Johannesburg, South Africa, has reached an agreement to sell its film production facility in Osterburken, Germany, to Poli film Extrusion, Wermelskirchen, Germany. A corresponding agreement was signed by the Company on July 23. The transaction is subject to antitrust approval.

By selling this production, Mondi will narrow its product portfolio. Simultaneously Mondi declared it will end the sale of films to competitors in the consumer packaging industry.

Poli film Extrusion has a product portfolio that Mondi Osterburken complements, Mondi said. "Together with Mondi Osterburken, we expanded product development opportunities," said Joerg Wingefeld, head of technical films for Poli film Extrusion.

Mondi Osterburken produces flexible packaging for coffee, soups, diapers, surface protection films, co-extruded films for light-sensitive products, as well as films for horizontal and vertical form-fill-and-seal applications (FFS). In addition, include cling film and laminating and label films for selection.

Mondi is an international packaging and paper group employing more than 24,400 people with 102 operations across more than 30 countries, predominantly in central Europe, Russia, and South Africa. It is fully integrated across the packaging and paper value chain – from the growing of wood and the manufacture of pulp and paper (packaging paper and uncoated fine paper), to the conversion of packaging papers into corrugated packaging, industrial bags, extrusion coatings, and release liner.