Walki Group, the leading producer of protective packaging materials and technical laminates, announces today that it has entered an agreement with Mondi Group to sell its Pietarsaari plant in Finland and the Wroclaw plant in Poland. These two facilities constitute the major part of Walki’s Industrial Packaging business, producing primarily packaging material for the paper industry as well as for the corrugated board industry. Excluded from the deal are the RFID-antenna production line (4E) and the pilot plant assets located in the Pietarsaari plant. The planned acquisition is subject to competition clearance.
“The proposed transaction enables Walki to focus all its resource on the growing markets of energy saving laminates and membranes for building purposes, as well as on selected segments of the consumer packaging market. This step is fully in line with our strategy to leverage on our strong R&D capabilities in developing new multi-layer laminate solutions for our customers”, says Leif Frilund, President and CEO of Walki Group.
In 2014, the aggregated sales of the Pietarsaari and Wroclaw plant were 113 MEUR and they employed together about 245 people.