Mondi to acquire Western Europe packaging assets of Schumacher Packaging for €634m.

Mondi, a provider of sustainable packaging and paper, agreed to acquire Western Europe packaging assets of Schumacher Packaging, a provider of sustainable packaging made from corrugated and solid board, for €634m. "Our focus is on investing to meet the growing market demand for sustainable packaging while driving value for our stakeholders. This acquisition significantly increases our corrugated converting capacity, extends our reach across Western Europe, and offers strong downstream integration opportunities, while broadening our customer offering with a complementary fibre-based product range," Andrew King, Mondi Group CEO.