Mondi on April 1 completed the acquisition of the Western Europe assets of Schumacher Packaging, expanding the product range, capacity and innovation available to customers demanding high-performance, sustainable packaging at scale.

Mondi first announced its intention to acquire Schumacher Packaging's Western European Packaging Assets on October 9, 2024. At that time, the company said the enterprise value of the deal is EUR 634 million, to be financed from existing facilities.

"This acquisition significantly strengthens our corrugated packaging business, extending our footprint in Western Europe and offering strong vertical integration opportunities," said Andrew King, CEO of Mondi Group. "We are delighted to welcome our new Schumacher Packaging colleagues to Mondi. Together we will expand our eCommerce and FMCG offering, particularly in Western Europe, presenting exciting opportunities to introduce the Group's unique range of products to a wider array of customers as they increasingly transition towards more sustainable packaging solutions."

The acquisition comprises seven corrugated converting plants, two solid board mills and four solid board converting plants. These operations complement Mondi's existing network of corrugated plants across Central and Eastern Europe, adding over 1 billion square meters of capacity when fully operational.

Among the acquired sites, the two state-of-the-art mega box plants in Ebersdorf and Greven (Germany) deliver best-in-class asset performance and quality.

In addition to the benefits of an expanded portfolio and value chain integration, the combined expertise of Schumacher Packaging and Mondi can support customers further by reducing waste, cutting carbon emissions and improving operational efficiency.

Mondi is a global leader in packaging and paper, contributing to a better world by producing products that are sustainable by design.

Source: Mondi