Mondi to buy Russian company

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Mondi to buy Russian company

JOHANNESBURG – Paper and packaging company Mondi has signed an agreement to buy Russian company Beepack from a private investor for $46-million (R636-miilon).

It is part of the group’s plans to expand its packaging business.

Mondi, which is also listed in London, expects to complete the transaction during the fourth quarter.

READ: Mondi buys key German supplier for €54m

The group says Beepack will support the development of Mondi’s Corrugated Packaging operations in central and Eastern Europe.

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