Mondi to Sell German Consumer Packaging Site
Mondi Group, headquartered in London, UK, and Johannesburg, South Africa, has signed an agreement with Polifilm Extrusion GmbH, Weissandt-Goelzau, Germany, to sell Mondi’s film manufacturing site in Osterburken, Germany; subject to competition clearance.
The sale of Mondi Osterburken GmbH will enable 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. “Polifilm Extrusion GmbH and Mondi Osterburken GmbH have complementary product development capabilities and resources, and we are confident that there are many benefits from this potential combined organization”, said Joerg Wingefeld, Head of Technical Films Divison, Polifilm Extrusion GmbH. The enlarged company would have significant opportunities to deliver extended customer solutions, improve operational efficiencies and leverage expertise.
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