Mondi confirms acquisition
Mondi confirms acquisition of Graphic Packaging industrial bags and kraft paper business in North America.
– The combination of these plants with Mondi's existing network will create a leading bags player in North America and expand our growing global footprint in this market. We look forward to offering innovative solutions to our enlarged customer base, says David Hathorn, CEO Mondi Group.
Allen Ennis, previously Senior Vice President for the Flexible Division of Graphic Packaging, will lead the combined business as President Industrial Bags, Mondi North America. In addition, Thomas Ott, COO Mondi Industrial Bags will move to the US to oversee the integration. The headquarters for Mondi Group in North America will be in Atlanta, Georgia.
Customer requirements will be prioritised throughout the integration phase of the business. “I am confident that the synergies expected from the acquisition, coupled with Mondi's proven expertise as a leading global kraft paper and industrial bags producer, will ensure that the combined business delivers strongly and benefits customers," explains David Hathorn, CEO Mondi Group.
Industrial bags and kraft paper are a core part of Mondi’s business. Our existing network already includes 36 industrial bags plants in Europe, the Middle East, North Africa, South-East Asia and North America, including four plants in Mexico and the US, and five kraft paper mills in Europe producing over 1 million tonnes per annum.