To view the PDF file, sign up for a MySharenet subscription.

MONDI PLC - Mondi Group acquires Excelsior Technologies

Release Date: 06/02/2017 10:00
Code(s): MNP MND     PDF:  
Wrap Text
Mondi Group acquires Excelsior Technologies

Mondi Limited
Incorporated in the Republic of South Africa
Registration number: 1967/013038/06
JSE share code: MND ISIN: ZAE000156550

Mondi plc
Incorporated in England and Wales
Registered number: 6209386
LEI: 213800LOZA69QFDC9N34
JSE share code: MNP ISIN: GB00B1CRLC47
LSE share code: MNDI



As part of the dual listed company structure, Mondi Limited and Mondi plc (together “Mondi
Group” or “Mondi”) notify both the JSE Limited and the London Stock Exchange of matters
required to be disclosed under the Listings Requirements of the JSE Limited and/or the
Disclosure Guidance and Transparency Rules and the Listing Rules of the United Kingdom
Listing Authority.

Mondi Group acquires Excelsior Technologies

Mondi Group has acquired 100% of the outstanding share capital of Excelsior Technologies
Limited (“Excelsior” or the “Company”) from funds managed by Endless LLP and certain other
minority shareholders, for a total consideration of £33 million (€38 million), on a debt and cash-
free basis.

Excelsior is a vertically-integrated producer of innovative flexible packaging solutions, mainly
for food applications, with a unique packaging technology for microwave steam cooking. With
two plants, located in Deeside (Northern Wales, UK) and Nelson (Lancashire, UK) the
Company serves both domestic and US customers. For the year ended 31 December 2016,
Excelsior generated revenues of £39 million (€47 million).

Commenting on the acquisition, David Hathorn, Chief executive of Mondi Group, said: “The
acquisition of Excelsior supports the development of our Consumer Packaging business in
high growth product applications. Its leading microwave steam cooking packaging technology
complements and enhances our global food packaging offering”.

Contact:

Mondi Group
Lora Rossler
Group Head of Communications
Tel: +27 (0)31 451 2111 or +27 (0)83 627 0292
E-mail: lora.rossler@mondigroup.co.za

Andrew King
Group CFO
Tel: +27 (0)11 994 5415
E-mail: andrew.king@mondigroup.com

We are Mondi: In touch every day

At Mondi, our products protect and preserve the things that matter.

Mondi is an international packaging and paper Group, employing around 25,000 people across
more than 30 countries. Our key operations are located in central Europe, Russia, North
America and South Africa. We offer over 100 packaging and paper products, customised into
more than 100,000 different solutions for customers, end consumers and industrial end uses -
touching the lives of millions of people every day. In 2015, Mondi had revenues of €6.8 billion
and a return on capital employed of 20.5%.

The Mondi Group is fully integrated across the packaging and paper value chain - from
managing forests and producing pulp, paper and compound plastics, to developing effective
and innovative industrial and consumer packaging solutions. Our innovative technologies and
products can be found in a variety of applications including hygiene components, stand-up
pouches, super-strong cement bags, clever retail boxes and office paper. Our key customers
are in industries such as automotive; building and construction; chemicals; food and beverage;
home and personal care; medical and pharmaceutical; packaging and paper converting; pet
care; and office and professional printing.

Mondi has a dual listed company structure, with a primary listing on the JSE Limited for Mondi
Limited under the ticker code MND and a premium listing on the London Stock Exchange for
Mondi plc, under the ticker code MNDI.

For us, acting sustainably makes good business sense and is part of the way we work every
day. We have been included in the FTSE4Good Index Series since 2008 and the JSE's Socially
Responsible Investment (SRI) Index since 2007.


6 February 2017
Sponsor in South Africa: UBS South Africa (Pty) Ltd

Date: 06/02/2017 10:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story