Mondi can take over Schumacher-Werke, the EU has given the green light
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The paper and packaging group Mondi can take over the remaining Schumacher plants in Western Europe following the Saica transaction.
Source:
Company news
The responsible commission gave the transaction the green light on March 27. Mondi will thus take over Schumacher Packaging's corrugated converting and solid board business in Germany, the Benelux countries and the UK.
The acquisition comprises seven corrugated board plants, the two board mills Schwarzenberg and Kaierde as well as four solid board converting plants with a total of around 2,200 employees.
The transaction was valued at €634 million when the plans were announced.
Company profile: EUWID Verpackung, Germany, Gernsbach
Company profile: Mondi Europe & International Division, Austria, Wien
