NEWS

Walki and Mondi terminate the acquisition agreement

Wednesday, Dec 16, 2015

In May 2015, Mondi Group had approached Walki Group, in order to acquire two of Walki’s extrusion coatings sites: Pietarsaari in Finland and Wroclaw in Poland, as the company says in the press release received by Lesprom Network.

The deal was subject to competition clearance. The commission raised concerns about the impact on the competition environment, and a considerable time was spent on discussing ways to alleviate these.

However, a workable solution suitable for all parties was not found and therefore Mondi has decided to withdraw the application from the Commission and terminate the acquisition agreement.

The Industrial Packaging business, including the Pietarsaari and Wroclaw sites, will remain an integral part of Walki’s strategy. Walki is committed to develop all of its sites in Finland, Poland, Germany, the UK, the Netherlands, Russia and China.

Walki Group is a leading producer of technical laminates and protective packaging materials, specializing in the production of fiber based, intelligent, multi- layer laminate products for markets as diverse as energy saving construction facings to barrier packaging applications.

 

lesprom.com

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