The firm will pay €60m on a debt- and cash-free basis. For the twelve months ended 30 April 2015, the extrusion coatings plants generated unaudited pro forma consolidated adjusted revenues of €113m and unaudited pro forma consolidated adjusted EBITDA of €9m.
The acquisition will strengthen Mondi’s position in the European extrusion coatings market and increase the range of technical capabilities to customers.
The transaction is subject to competition clearance and other customary closure conditions and is expected to complete by Q3 2015.
Mondi is a packaging and paper group, employing around 25,000 people across 30 countries with key operations in Central Europe, Russia, North America and South Africa.