KSP offers an excellent product fit with Mondi’s stand-up pouch operations in Korneuburg, Austria and Jackson, US and will enable Mondi to better serve its customers in the US and Asia.
Commenting on the acquisition, David Hathorn, Chief Executive of Mondi Group, said: “This acquisition further supports Mondi’s strategy to develop in high value-added, high-growth markets in our Consumer Packaging business.”
The transaction remains subject to competition clearance and other customary closing conditions and is expected to complete during the 4Q 2015.
Established in 1973, KSP is a flexible packaging company specialised in the production of high-quality spouted and retort stand-up pouches for the food, pet food and beverage industries with its main manufacturing site near Seoul, South Korea and an interest in a plant near Bangkok, Thailand.
Mondi is an international packaging and paper Group, employing around 25,000 people across more than 30 countries.
