Mondi PLC Further re Disposal

 
TIDMMNDI 
 
Mondi plc 
 
(Incorporated in England and Wales) 
 
(Registered number: 6209386) 
 
LEI: 213800LOZA69QFDC9N34 
 
LSE share code: MNDI          ISIN: GB00B1CRLC47 
 
JSE share code: MNP 
 
1 July 2022 
 
Sale of Personal Care Components business completed 
 
Mondi plc ('Mondi') is pleased to announce that it has completed the sale of 
its Personal Care Components business ('PCC'), part of the Engineered Materials 
business unit, to Nitto Denko Corporation ('Nitto') for an enterprise value of 
?615 million. 
 
Commenting on the transaction, Andrew King, Group CEO of Mondi, said: 
 
"We are pleased to have completed the sale of PCC to Nitto ahead of schedule. 
This enables us to simplify our portfolio and focus on our strategic priority 
to grow in sustainable packaging. 
 
I'd like to say a heartfelt thank you to all our colleagues at PCC for their 
valuable contribution over the years and we wish them much success at Nitto." 
 
The remaining portion of Engineered Materials, Functional Paper and Films, will 
become part of Flexible Packaging and reported within this segment. This 
strengthens integration along the kraft paper value chain, enabling us to 
develop more innovative functional papers with barrier properties, fulfilling 
our customers' needs for sustainable packaging. 
 
Enquiries 
 
Investors/analysts: 
 
Clara Valera 
                        [phone] 
 
Mondi Group Head of Strategy and Investor Relations 
 
Media: 
 
Kerry 
Cooper 
[phone] 
 
Group Communication Director 
 
Richard Mountain (FTI Consulting)                                        +44 
790 968 4466 
 
About Mondi 
 
Mondi is a global leader in packaging and paper, contributing to a better world 
by making innovative packaging and paper solutions that are sustainable by 
design. Our business is integrated across the value chain - from managing 
forests and producing pulp, paper and films, to developing and manufacturing 
effective industrial and consumer packaging solutions. Sustainability is at the 
centre of our strategy and intrinsic in the way we do business. We lead the 
industry with our customer-centric approach, EcoSolutions, where we ask the 
right questions to find the most sustainable solution. In 2021, Mondi had 
revenues of ?7.7 billion and underlying EBITDA of ?1.5 billion. Mondi has a 
premium listing on the London Stock Exchange (MNDI), and a secondary listing on 
the JSE Limited (MNP). Mondi is a FTSE 100 constituent, and has been included 
in the FTSE4Good Index Series since 2008 and the FTSE/JSE Responsible 
Investment Index Series since 2007. 
 
Sponsor in South Africa: Merrill Lynch South Africa Proprietary Limited t/a 
BofA Securities. 
 
 
 
END 
 
 

(END) Dow Jones Newswires

July 01, 2022 02:00 ET (06:00 GMT)