Mondi plc ( (GB:MNDI) ) just unveiled an update.
Mondi plc has completed the acquisition of the Western Europe Packaging Assets of Schumacher Packaging, significantly expanding its footprint in Western Europe. This acquisition enhances Mondi’s corrugated packaging business by adding over 1 billion square meters of capacity and integrating state-of-the-art facilities in Germany. The move is expected to bolster Mondi’s eCommerce and FMCG offerings, presenting opportunities to introduce sustainable packaging solutions to a broader customer base.
More about Mondi plc
Mondi plc is a global leader in the production of sustainable packaging and paper products, employing 22,000 people across more than 30 countries. The company operates an integrated business model, offering a broad range of innovative solutions for consumer and industrial applications with a strong focus on sustainability and circular driven solutions. Mondi is listed on the London Stock Exchange and is a constituent of the FTSE100 index.
YTD Price Performance: -1.47%
Average Trading Volume: 1,324,704
Technical Sentiment Signal: Buy
Current Market Cap: £5.18B
For an in-depth examination of MNDI stock, go to TipRanks’ Stock Analysis page.