From the INS archive · Published 15 December 2015
This release is shown as originally published. Names, products, figures and contact details reflect that time.
Walki and Mondi to terminate the acquisition agreement
/INS · 15 December 2015/INS. In May 2015, we announced that Mondi Group had approached Walki Group, in order to acquire two of Walki’s extrusion coatings sites: Pietarsaari in Finland and Wroclaw in Poland. The deal was subject to competition clearance. The commission raised concerns about the impact on the competition environment, and a considerable time was spent on discussing ways to alleviate these.
However, a workable solution suitable for all parties was not found and therefore Mondi has decided to withdraw the application from the Commission and terminate the acquisition agreement.
The Industrial Packaging business, including the Pietarsaari and Wroclaw sites, will remain an integral part of Walki’s strategy. Walki is committed to develop all of its sites in Finland, Poland, Germany, the UK, the Netherlands, Russia and China.
For more information, please contact:
Leif Frilund, President and CEO, tel. +358 (0)403543330
Walki in brief
Walki Group is a leading producer of technical laminates and protective packaging materials, specializing in the production of fiber based, intelligent, multi- layer laminate products for markets as diverse as energy saving construction facings to barrier packaging applications.
Walki Group is present in eleven countries with operations in Finland, Germany, the Netherlands, Poland, Russia, the UK and China with a workforce of about 900 people. Annual net sales of the Group are more than 300 million Euros.
About this release
- Originally published on ins-news.com at /en/100/861/2362/walki-and-mondi-to-terminate-the-acquisition-agreement.htm.
- Shown from the INS archive as it was published.