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Mondi to shed German mill for €25m

29th October 2015

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

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Dual-listed Mondi will sell its Raubling paper mill, in Bavaria, Germany, to the Heinzel Group for €25-million.

Mondi, which said the deal enabled a narrower focus on the development of its core containerboard operations, would conclude the transaction upon receiving competition clearance by the end of this year.

The Raubling-based recycled containerboard mill and related recycling operations, established in 1908 and taken over by Mondi in 2004, was a mid-sized mill, with a potential capacity to produce 220 000 t of recycled containerboard and kraftliner substitute.

The mill, which employed around 150 people, had transitioned over the past two years into a high-quality niche producer, selling most of its products to customers within Germany, including internal sales to Mondi Corrugators. It also served customers in Italy, Austria, Poland and the Benelux.

Edited by Creamer Media Reporter

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