Mundet has manufacturing sites in Virginia and Tennessee in the United States and Toluca, Mexico. By acquiring the Mundet group, sales will be increased by $80 million and the number of employees by 290 employees. Both parties have agreed to maintain secrecy for further details of the contract.
With the acquisition of Mundet delfortgroup enhances its presence in the US market and will be able to offer its customers an improved supply chain and opportunities for business solutions.
delfortgroup will complement its existing product portfolio in the areas of flexible packaging and the cigarette industry. With this acquisition the three Mundet locations will now be able to offer the latest delfortgroup technologies in a cost efficient and environmentally friendly manner as part of a global distribution network. delfortgroup will invest in each of the Mundet locations to enlarge capacity, R&D and new technologies to offer customers a more comprehensive product range, service and industry standard quality systems.
With 2,000 employees in six plants in Austria, Hungary, Czech Republic, Finland and Vietnam delfortgroup develops, manufactures and distributes high-performance specialty papers for the tobacco, pharmaceutical and food industries.
