Mondi to acquire €634m worth of assets from German Schumacher Packaging

Multinational sustainable packaging and paper producer Mondi has entered into an agreement to acquire the German, Benelux and UK corrugated converting and solid board operations of Schumacher Packaging. This acquisition of Schumacher Packaging’s western European packaging assets will expand Mondi’s corrugated footprint in western Europe and add complementary fibre-based products, focused on ecommerce and fast-moving consumer goods.