Mondi has sold Mondi Osterburken to POLIFILM
The international packaging and paper group Mondi (“Mondi”) has sold its German subsidiary Mondi Osterburken GmbH (“Mondi Osterburken”) to POLIFILM GmbH (“POLIFILM”). Mondi Osterburken manufactures customized premium polyethylene films for various consumer packaging applications. Its focus product segments include laminating films and household cling films.
Mondi, listed in London and Johannesburg, is an international packaging and paper group, employing around 25,000 people across more than 30 countries. Key operations are located in Central Europe, Russia, North America and South Africa. Mondi offers over 100 packaging and paper products, customized into more than 100,000 different solutions for customers and end consumers. Key customers are in industries such as automotive, building and construction, chemicals, food and beverage, home and personal care, medical and pharmaceutical, packaging and paper converting, pet care, and office and professional printing. In 2014, Mondi had revenues of Euro 6.4 billion and a return on capital employed of 17.2 percent.
POLIFILM is one of Germany’s leading manufacturers of extrusion films and protective films with approximately 1,200 employees in 16 branches worldwide. POLIFILM supplies high-quality film solutions to customers from a large number of industries including automotive, agriculture, food, construction and waste management.
Lincoln International was mandated by Mondi as exclusive financial advisor for the sale process. The transaction is subject to competition clearance. Further terms of the transaction were not disclosed.
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