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Agency / Source: Mondi Group

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Mondi Completes Acquisition of Hinton Pulp Mill - Mondi plc (Mondi) has completed the acquisition of Hinton Pulp mill in Alberta, Canada, from West Fraser Timber Co. Ltd (West Fraser) for a total consideration of USD 5 million - WestFraser.com / MondiGroup.com
Mondi Completes Acquisition of Hinton Pulp Mill

 

NewswireTODAY - /newswire/ - Vienna, Austria, 2024/02/05 - Mondi plc (Mondi) has completed the acquisition of Hinton Pulp mill in Alberta, Canada, from West Fraser Timber Co. Ltd (West Fraser) for a total consideration of USD 5 million - WestFraser.com / MondiGroup.com.

   
 
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Mondi plc (Mondi), a global leader in the production of sustainable packaging and paper, has completed the acquisition of Hinton Pulp mill in Alberta, Canada, from West Fraser Timber Co. Ltd (West Fraser) (westfraser.com) for a total consideration of USD 5 million.

The mill has the capacity to produce around 250,000 tonnes of pulp per annum and will provide the Group with access to local, high-quality fibre from a well-established wood basket as part of a long-term partnership with West Fraser.

Mondi intends to invest in the mill to improve productivity and sustainability performance and, subject to pre-engineering and permitting, invest in expanding the facility primarily with a new kraft paper machine which will integrate its paper bag operations in the Americas to support future growth.

"We are delighted to welcome our new colleagues from Hinton Pulp mill to Mondi and look forward to working together to secure the mill’s future and support Mondi’s growth in North America with our portfolio of sustainable packaging."
Andrew King, Mondi Group CEO

About Mondi

Mondi (mondigroup.com) is a global leader in packaging and paper, contributing to a better world by making innovative solutions that are sustainable by design. Our business is integrated across the value chain from managing forests and producing pulp, paper and films, to developing and manufacturing sustainable consumer and industrial packaging solutions using paper where possible, plastic when useful. Sustainability is at the centre of our strategy, with our ambitious commitments to 2030 focused on circular driven solutions, created by empowered people, taking action on climate.

In 2022, Mondi had revenues of €8.9 billion and underlying EBITDA of €1.8 billion from continuing operations, and employed 22,000 people worldwide. Mondi has a premium listing on the London Stock Exchange (MNDI), where the Group is a FTSE100 constituent, and also has a secondary listing on the JSE Limited (MNP).

Sponsor in South Africa: Merrill Lynch South Africa Proprietary Limited t/a BofA Securities.

Investors/analysts: Fiona Lawrence - Mondi Group Head of Investor Relations
P: +44(0)74 2587 8683

Media: Richard Mountain - FTI Consultin
P: +44(0)79 0968 4466

 
 
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Agency / Source: Mondi Group

 
 

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Mondi Completes Acquisition of Hinton Pulp Mill

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Hinton Pulp Mill | Mondi plc
Contact: Chris Gurney - MondiGroup.com 
+44(0)79 9004 3764 chris.gurney[.]mondigroup.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Mondi Group securities in any jurisdiction including any other companies listed or named in this release.

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