Mondi has completed the acquisition of National Company for Paper Products and Import & Export S.A.E (“NPP”), for a total consideration of EGP 510 million (Euro 24 million) on a debt and cash free-basis, as the company said in the press release received by Lesprom Network.
The business will be integrated into Mondi’s Fibre Packaging Business Unit, which is a leading producer of industrial bags with four plants in the Middle East.
NPP operates an industrial bags plant in Giza near Cairo (Egypt), serving regional customers.
Mondi is a global leader in packaging and paper, delighting its customers and consumers with innovative and sustainable packaging and paper solutions.
