ZAO Uralplastic-N (Uralplastic) operates one plant near Ekaterinburg, in the Ural region of Russia and manufactures a range of consumer flexible packaging products for food, hygiene, homecare and other applications. The company serves both local and international customers. For the year ended 31 December 2015 Uralplastic generated revenues of £25m and adjusted EBITDA of £40m.
Commenting on the acquisition, David Hathorn, chief executive, Mondi Group, said: “The acquisition of Uralplastic supports the development of our Consumer Packaging business and strengthens our presence in the Russian consumer packaging market, complementing our existing plant in Pereslavl, near Moscow and allowing us to improve our offering to customers in this growing market.”
The Anglo-South African paper and packaging company said the transaction is expected to complete in July 2016.
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