Mondi Group Completes Sale of German Plant to Polifilm
Mondi Group, headquartered in London, UK and Johannesburg, South Africa, has completed the previously-announced sale of its film manufacturing site in Osterburken, Germany, to Polifilm Extrusion GmbH, Wermelskirchen, Germany, following competition clearance. The sale enables 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. Core competencies include manufacturing, printing, coating, as well as refining or processing of high-quality films. As a leader in innovation and technology, the products manufactured by Mondi’s consumer packaging business are used in a wide variety of areas with the main focus being fast moving consumer goods (FMCG).
Polifilm’s Head of Technical Films, Joerg Wingefeld, said: “We are delighted to finalize the acquisition of the Mondi Osterburken assets and have their talented team join Polifilm. From a strategic perspective, the business we have acquired is strongly aligned with our nominated growth segments, and provides the ability to substantially improve the value proposition for our customers. We are now focused on ensuring seamless integration of these businesses and on achieving the synergies and opportunities offered by this acquisition.”
Polifilm Extrusion GmbH
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