Mondi PLC Acquisition(s)

 
TIDMMNDI 
 
Mondi Limited 
(Incorporated in the Republic of South Africa) 
(Registration number: 1967/013038/06) 
JSE share code: MND     ISIN: ZAE000156550 
 
Mondi plc 
(Incorporated in England and Wales) 
(Registered number: 6209386) 
 
LEI: 213800LOZA69QFDC9N34 
 
JSE share code: MNP     ISIN: GB00B1CRLC47 
LSE share code: MNDI 
 
22 December 2017 
 
As part of the dual listed company structure, Mondi Limited and Mondi plc (the 
"Companies" and together "Mondi Group", the "Group" or "Mondi") notify both the 
JSE Limited and the London Stock Exchange of matters required to be disclosed 
under the Listings Requirements of the JSE Limited and/or the Disclosure 
Guidance and Transparency Rules and the Listing Rules of the United Kingdom 
Listing Authority. 
 
Mondi Group signs an agreement to acquire Powerflute 
 
Mondi Group has signed an agreement to acquire 100% of the outstanding shares 
in Powerflute Group Holdings Oy ("Powerflute" or the "Company"), a division of 
Nordic Packaging and Container Holdings ("NPAC Holdings"), for a total 
consideration of EUR365 million on an enterprise value basis. 
 
Powerflute operates an integrated pulp and paper mill in Kuopio (Finland) with 
an annual production capacity of 285,000 tonnes of high-performance 
semi-chemical fluting. Powerflute's premium semi-chemical fluting is sold to a 
diverse range of customers, primarily for packaging fresh fruit and vegetables, 
but also other end-uses such as electronics, chemicals and pharmaceuticals. 
Around half of the Company's production is sold in Europe, while the remainder 
is exported globally. 
 
For the year ended 31 December 2017, the Company is expected to generate 
revenues of around EUR183 million and unaudited pro-forma adjusted EBITDA of 
around EUR42 million. Powerflute will be integrated into Mondi's Packaging Paper 
Business Unit. 
 
Commenting on the acquisition, Peter Oswald, Chief executive of Mondi Group, 
said: "The acquisition of Powerflute supports our strategy of investing in 
high-quality packaging and paper assets. We are excited by this opportunity to 
expand our customer offering by further broadening our containerboard product 
range and geographic reach." 
 
The transaction remains subject to competition clearance and customary closing 
conditions and is expected to complete in the first half of 2018. 
 
Contact details: 
 
Mondi Group 
 
Andrew King                                [phone] 
Group CFO 
 
Clara Valera                               [phone] 
Group Head of Strategy and Investor 
Relations 
 
Sara Sizer                                 [phone] 
Group Head of Communication & Marketing 
 
We are Mondi: In touch every day 
 
Mondi is an international packaging and paper Group, employing around 25,000 
people across more than 30 countries. Our key operations are located in central 
Europe, Russia, North America and South Africa. In 2016, Mondi had revenues of 
EUR6.7 billion and a return on capital employed of 20.3%. 
 
We are fully integrated across the packaging and paper value chain - from 
managing forests and producing pulp, paper and compound plastics, to developing 
effective and innovative industrial and consumer packaging solutions. With over 
100 products customised into more than 100,000 solutions, we offer more than 
you may expect. Leading brands around the world rely on our innovative 
technologies and products across a variety of industries such as agriculture; 
automotive; building and construction; chemicals and dangerous goods; food and 
beverages; graphic and photographic; home and personal care; medical and 
pharmaceutical; office and professional printing; packaging and paper 
converting; pet care; retail and e-commerce; and shipping and transport. 
 
We believe sustainable development makes good business sense. It's integral to 
our responsible and profitable growth, and embedded in everything we do, every 
day. We continue to look for ways to do more with less, promote the responsible 
management of ecosystems, develop and inspire our people, and enhance the value 
that our sustainable product solutions create. 
 
Mondi has a dual listed company structure, with a primary listing on the JSE 
Limited for Mondi Limited under the ticker code MND and a premium listing on 
the London Stock Exchange for Mondi plc, under the ticker code MNDI. We have 
been included in the FTSE4Good Index Series since 2008 and the JSE's Socially 
Responsible Investment (SRI) Index since 2007. 
 
Sponsor in South Africa: UBS South Africa (Pty) Ltd. 
 
 
 
END 
 

(END) Dow Jones Newswires

December 22, 2017 03:00 ET (08:00 GMT)