22 May 2015
The consideration to be paid for 100% of the Operations amounts to EUR60m on a debt- and cash-free basis and will be paid in cash at completion. For the twelve months ended 30 April 2015, the Operations generated unaudited pro forma consolidated adjusted revenues of EUR113m and unaudited pro forma consolidated adjusted EBITDA of EUR9m.
The acquisition will strengthen Mondi Group's position in the European extrusion coatings market and increase the range of technical capabilities on offer to customers. The transaction remains subject to competition clearance and other customary closure conditions and is expected to complete by the third quarter of 2015.
Poyry Capital is acting as financial adviser to Mondi.
Mondi is an international packaging and paper Group, employing around 25,000 people across more than 30 countries. Our key operations are located in central Europe, Russia, North America and South Africa. We offer over 100 packaging and paper products, customised into more than 100,000 different solutions for customers and end consumers. In 2014, Mondi had revenues of EUR6.4 billion and a return on capital employed of 17.2%.
The Mondi Group is fully integrated across the packaging and paper value chain - from managing forests and producing pulp, paper and compound plastics, to developing effective and innovative industrial and consumer packaging solutions. Our innovative technologies and products can be found in a variety of applications including hygiene components, stand-up pouches, super-strong cement bags, clever retail boxes and office paper. Our 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.
Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi Limited under the ticker code MND and a premium listing on the London Stock Exchange for Mondi plc, under the ticker code MNDI.
For us, sustainable development makes good business sense. We don't just talk about sustainability; we make it part of the way we work every day. We have been included in the FTSE4Good Index Series since 2008 and the JSE's Socially Responsible Investment (SRI) Index since 2007.