date:Sep 18, 2012
s per annum.
For the year ended 31 December 2011, the operations generated revenues of 160m and pre-tax profit of 23m.
Mondi currently has nine operations in Germany and three production sites in the Czech Republic.
The firm said it would assume 5m net cash upon completion of the deal, implying an enterprise value of 120m.
Strategic sense
A Mondi spokeswoman told FoodProductionDaily.com the acquisition was a good opportunity and made strategic sense.
We are always looking for potential mov