Mondi Group completed the acquisition of a 90% stake in Olmuksan International Paper from International Paper for $81m.

Mondi Group, a manufacturer and distributor of packaging and paper products, completed the acquisition of a 90% stake in Olmuksan International Paper, a producer of corrugated cardboard cases and boxes for industrial and agricultural products, from International Paper, a producer and distributor of paper products, for $81m. “We are delighted to have completed this acquisition, which significantly strengthens our position in the fast-growing Turkish corrugated market and expands our offering to existing and new customers in the region. We look forward to welcoming the Olmuksan team to Mondi," Andrew King, Mondi CEO.