Industry News, Mergers and Acquisitions, Printers News

Mondi Group Completes Acquisition of NPP in Egypt

Acquires National Company for Paper Products and Import & Export S.A.E for €24 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Further to the announcement made on April 30, 2018, Mondi confirms that all conditions have been satisfied and it has completed the acquisition of National Company for Paper Products and Import & Export S.A.E (NPP), for a total consideration of EGP510 million (€24 million) on a debt and cash free-basis.   NPP operates an industrial bags plant in Giza near Cairo, Egypt, serving regional customers. The business will be integrated into Mondi’s Fibre Packaging Business Unit, which is a leading...

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