Further to the announcement of Feb. 19, 2016, regarding its intention to acquire 100% of SIMET S.A., Mondi Group (Austria) confirmed that all conditions have been satisfied and the acquisition has been completed as of Tuesday (April 26).

The corrugated plant, to be called Mondi Simet, is located in Grabonóg in the region of Pozna, Poland. Mondi intends to expand and upgrade this operation to a high-efficiency box plant, including the addition of a corrugator line for on-site board production.

Mondi is an international packaging and paper group employing around 25,000 people across more than 30 countries. The company's key operations are located in central Europe, Russia, North America and South Africa. In 2015, Mondi had revenues of EUR 6.8 billion.