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Mondi Group to Acquire SIMET Plant in Poland

Mondi Group has signed an agreement to acquire the SIMET S.A. corrugated plant located in Grabonog, near Poznan? in Poland

The plant produces a wide range of flexo printed packaging including American cases, die-cut and multipoint folder-glued boxes. The acquisition is subject to Polish competition clearance and other customary conditions.

Mondi intends to acquire SIMET and upgrade the plant to a high efficiency box plant and will transfer its expertise in the production of corrugated board and speciality packaging to the Grabonog plant as part of the integration into Mondi's Corrugated Packaging business.

With this acquisition Mondi will have six box plants in Poland. Mondi's Corrugated Packaging business segment, part of the Fibre Packaging business unit, currently operates 14 box plants in Central and Emerging Europe.

Armand Schoonbrood, COO Mondi Corrugated Packaging, commented, "This acquisition improves our customer offer in Poland and strengthens our market position. The plant fits well with our strategy of investing in competitive operations with potential for future growth."

Grzegorz Kulesza, Regional Manager Mondi Corrugated Packaging Poland, added, "We are pleased with this excellent opportunity to acquire a production site in the Poznan region to complement the rest of our Polish operations. We look forward to working with our new colleagues in Grabonog and the experience they will bring to Mondi."

Mondi Corrugated Packaging offers the full range of corrugated packaging solutions, from standard transport packaging to specialities and dangerous goods packaging, including multipoint gluing, barrier solutions, micro-flutes and high quality post print, to a wide variety of industries. In Poland, Mondi Corrugated Packaging has particular expertise in shelf-ready packaging, e-commerce packaging and solutions for retail customers.

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