Mondi Group – Russian flexible packaging company acquired
RUSSIA • Mondi Group has announced it has acquired 100% of the outstanding share capital of ZAO Uralplastic-N (Uralplastic) from Joint Stock Company Rusnano and a private investor. Uralplastic operates one plant in the Ural region and manufactures a range of consumer flexible packaging products for food, hygiene, homecare and other applications. The company serves both local and international customers. In 2015 the company generated revenues of EUR 29.2 million and adjusted EBITDA of EUR 4.7 million.
Mondi said it has strong experience in Russia with about 5,700 employees in the country across its mill in Syktyvkar (producing uncoated fine paper and containerboard), the packaging plant in Pereslavl (producing multi-layer printed packaging materials for consumer products) and sales offices in Moscow. This acquisition follows similar ones in Turkey and in Poland.