VIENNA, Austria, 24 August 2015 (Press Release) -Mondi Group has completed the previously-announced sale of its film manufacturing site in Osterburken, Germany, to POLIFILM Extrusion GmbH, following competition clearance. The sale enables Mondi to refine its product portfolio and move away from supplying films to competitors of its Consumer Packaging business. POLIFILM offers a complementary product portfolio to Mondi Osterburken GmbH, which mainly produces polyethylene laminating films and household cling films.
"Mondi wishes the Osterburken plant and its employees a successful future under POLIFILM's leadership," says Marita Paasch, COO Mondi Advanced Materials.
About Mondi Consumer Packaging
Mondi's consumer packaging business offers quality consumer packaging, hygiene components and release liner. Core competencies include manufacturing, printing, coating, as well as refining or processing of high-quality films. As a leader in innovation and technology, the products manufactured by Mondi's consumer packaging business are used in a wide variety of areas with the main focus being fast moving consumer goods (FMCG). Our R&D centres provide highly qualified teams that develop innovative packaging solutions and consider new raw materials, processing and refining technologies.