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Mondi agrees deals for Turkish and Russian packaging firms

from Food Bev

Mondi Group has signed an agreement to acquire all of the outstanding share capital in Uralplastic, a Russian manufacturer of consumer flexible packaging, from Joint Stock Company Rusnano and a private investor. Uralplastic operates one plant near Ekaterinburg, in the Ural region of Russia, and delivers flexible packaging products for the food and beverage industry to consumers both at home and abroad. It generated revenues of RUB 1,988 million (€29.2 million) and adjusted pre-tax earnings of RUB 318 million (€4.7 million) last year. more

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