Duropack Group sells operations in Germany and the Czech Republic to Mondi Group

Sep 14, 2012. /Lesprom Network/. Duropack Group has signed a contract to sell its operations Duropack Wellpappe in Ansbach (Germany) and Duropack Bupak in Ceske Budejovice (Czech Republic) to Mondi Group. Both operations produce corrugated board packaging, as the company said in the press release received by Lesprom Network. In addition, operations in Czech Republic also produce corrugated base paper made from recycled paper. The Czech facility is closely related to the Bavarian one, regarding production unit and integration. All employees of both operations will be taken on by Mondi Group. “Our strategy is consequently focused on East- and Southeast-Europe. The sale of our operations in Germany and the Czech Republic further strengthens our profile and allows us to focus entirely on our core markets and core business, packaging”, says Peter Szivacsek, CEO of Duropack Group. In 2010, Durpack already strengthened its geographic focus with the acquisition of the majority of the shares in Croatian corrugated base paper and packaging producer Belišce. The final closing of the deal is subject to approval by the relevant authorities and the customary closing conditions.