Mondi has announced plans to invest nearly EUR 65 million in three Consumer Flexibles packaging plants in Europe with the aim of increasing production capacity and meeting customer demand for sustainable pet food packaging solutions.

According to Mondi, the investment will see production capacity increase at Consumer Flexible plants in Austria (Mondi Korneuburg) and Germany (Mondi Halle and Mondi Steinfeld). The project is part of Mondi’s previously announced EUR 1 billion expansionary capital investment programme to accelerate growth in sustainable packaging.

Mondi says that work has already started at its Korneuburg plant, including investments in new state-of-the-art machinery and equipment,

Read more

LEADING EUROPEAN PACKAGING BUSINESS TO BECOME INDEPENDENT COMPANY

CROWN HOLDINGS, INC. TO RETAIN 20% OWNERSHIP INTEREST

NEW COMPANY TO FOCUS ON GROWTH IN FOOD AND CONSUMER PRODUCTS MARKETS

NEW YORK, April 8, 2021 /PRNewswire/ — KPS Capital Partners, LP (“KPS”) today announced that it has signed a definitive agreement to acquire the Europe, Middle East and Africa food, aerosol and promotional packaging business (the “EMEA Food and Consumer Packaging Business” or the “Company”) from Crown Holdings, Inc. (NYSE: CCK, “Crown”) for €2.25 billion (approximately $2.7 billion). Crown will retain 20% ownership of the Company. The transaction is

Read more