date:Jul 12, 2012
ckaging business.
Consumer packaging solutions contribute 60% of Nordenia revenues, and include re-closable bags, stand-up pouches, advanced films and laminates for mainly fast moving consumer goods.
The company said it is expected to deliver pre-tax cost synergies in excess of 15m per annum by 2014, in addition to the potential revenue opportunities created by the combination.
Takeover rationale
In a statement to explain the rationale behind the takeover Mondi Group said it:
creates a lead